The value of exports and imports of services during October 2023 is given in the following table.  International Trade in Services (US$ Million) Month    Receipts (Exports)    Payments (Imports) July – 2023    26,228 (8.1)    13,754 (-2.2) August – 2023    28,719 (8.4)    15,103

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs)    ALL SCHEDULED BANKS 18-Nov-22 03-NOV-2023* 17-NOV-2023* 18-Nov-22    03-NOV-2023* 17-NOV-2023* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 197683.51 242686.81 241123.31 200234.72 246100.18 244489.89 **  b) Borrowings from banks 59717.51 195603.02 186866.5 59825.5 195669.28 186961.73 c) Other demand & time liabilities 52717.05 72833.37 72004.03 53280.8    73572.49 72619.52

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of November 2023 are set out in Tables 1 to 7.

Today, the Reserve Bank released its quarterly house price index (HPI)1 (base: 2010-11=100) for Q2:2023-24, based on transaction-level data received from the registration authorities in ten major cities2. Time series data on all-India and city-wise HPIs are available at the Bank’s database on Indian economy (DBIE) portal (https://dbieold.rbi.org.in/DBIE/dbie.rbi?site=statistics > Real Sector > Price & Wages> Quarterly).

Today, the Reserve Bank released data on the performance of the private corporate sector during the second quarter of 2023-24 drawn from abridged quarterly financial results of 2,835 listed non-government non-financial companies. These include data for Q2:2022-23 and Q1:2023-24 to enable comparison (web-link

The Reserve Bank has today released data on Money Supply for the fortnight ended November 17, 2023 Ajit Prasad Director (Communications) Press Release: 2023-2024/664

The Reserve Bank has today released data on Reserve Money for the week ended November 24, 2023. Ajit Prasad Director (Communications) Press Release: 2023-2024/1368

Today, the Reserve Bank of India releases Volume 43, No.2, 2022 of its Occasional Papers, a research journal containing contributions from its staff. This issue contains three articles and two book reviews.  Articles:  1. Cash versus Digital Payment Transactions in India: Decoding the Currency Demand Paradox

1. Reserve Bank of India - Liabilities and Assets*(₹ Crore)Item20222023VariationNov. 4Oct. 27Nov. 3WeekYear123454 Loans and Advances4.1 Central Government000004.2 State Governments124602187126781491014321* Data are provisional; difference, if any, is due to rounding off.

The Reserve Bank has today released data on Reserve Money for the week ended November 17, 2023. Shweta Sharma Deputy General Manager Press Release: 2023-2024/1335

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2022 2023 Variation Nov. 11 Nov. 3 Nov. 10 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 3728 26781 20013 -6768 16284 * Data are provisional; difference, if any, is due to rounding off. 

Today, the Reserve Bank released the November 2023 issue of its monthly Bulletin. The Bulletin includes five speeches, four articles and current statistics. The four articles are: I. State of the Economy; II. Reading the Market’s Mind: Decoding Monetary Policy Expectations from Financial Data; III. Transitioning India's Power Sector: Repurposing of Coal-Fired Power Plants; IV. Monetary Policy Transmission in India: Recent Dynamics. I. State of the Economy

The Reserve Bank has today released data on Reserve Money for the week ended November 10, 2023 and Money Supply for the fortnight ended November 03, 2023.

Today, the Reserve Bank of India released the eighth edition of its statistical publication titled “Handbook of Statistics on Indian States, 2022-23”. Through this publication, the Reserve Bank has been disseminating wide-ranging data on the regional economies of India.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 04-Nov-22 20-OCT-2023* 03-NOV-2023* 04-Nov-22 20-OCT-2023* 03-NOV-2023* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 197284.22 240291.16    242365.3 200069.43 245495.19    245778.67**

The Reserve Bank today released data on India’s invisibles as per the IMF’s Balance of Payments and International Investment Position Manual (BPM6) format for April - June of 2023-24.

The Reserve Bank of India has today released the data on Overseas Direct Investment, both under Automatic Route and the Approval Route, for the month of October 2023.

1. Reserve Bank of India - Liabilities and Assets*(₹ Crore)Item    2022 2023 VariationNov. 4 Oct. 27 Nov. 3 Week Year1 2 3 4 54 Loans and Advances 4.1 Central Government 0 0 0 0 04.2 State Governments    12460 21871 26781 4910 14321* Data are provisional; difference, if any, is due to rounding off.

The Reserve Bank has today released data on Reserve Money for the week ended November 03, 2023. Shweta Sharma Deputy General Manager Press Release: 2023-2024/1265

1. Reserve Bank of India - Liabilities and Assets*(₹ Crore)Item    2022 2023 VariationOct. 28 Oct. 20    Oct. 27    Week Year1 2 3 4 54 Loans and Advances 4.1 Central Government 0 0 0 0 0

(Amount in ₹ crore)SCHEDULED COMMERCIAL BANKS(Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS21-Oct-22 06-OCT-2023* 20-OCT-2023* 21-Oct-22 06-OCT-2023*    20-OCT-2023* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 186189.57 237269.35 239035.24 189070.38 239604.43 244239.27 **

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of October 2023 are set out in Tables 1 to 7.

Highlights:

Lending Rates:

The value of exports and imports of services during September 2023 is given in the following table.International Trade in Services(US$ Million)Month    Receipts (Exports) Payments (Imports)July – 2023 26,228(8.1) 13,754(-2.2)August – 2023 28,719(8.4) 15,103(-0.8)

The Reserve Bank of India has today released the data on External Commercial Borrowings (ECB), Foreign Currency Convertible Bonds (FCCB) and Rupee Denominated Bonds (RDB) both, through Automatic Route and Approval Route, for the month of September 2023.

Shweta Sharma       
Deputy General Manager

Press Release: 2023-2024/1219

The Reserve Bank of India has been regularly conducting Inflation Expectations Survey of Households (IESH). The November 2023 round of the survey is being launched. The survey aims at capturing subjective assessments on price movements and inflation, based on their individual consumption baskets, across 19 cities, viz., Ahmedabad, Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, Delhi, Guwahati, Hyderabad, Jaipur, Jammu, Kolkata, Lucknow, Mumbai, Nagpur, Patna, Raipur, Ranchi and Thiruvananthapuram. The survey seeks qualitative responses from households on price changes (general prices as well as prices of specific product groups) in the three months ahead as well as in the one year ahead period and quantitative responses on current, three months ahead and one year ahead inflation rates. The results of this survey provide useful inputs for monetary policy.

The agency, M/s Hansa Research Group Pvt. Ltd., M

The Reserve Bank of India has been regularly conducting Consumer Confidence Survey (CCS). The November 2023 round of the survey is being launched. The survey seeks qualitative responses from households, regarding their sentiments on general economic situation, employment scenario, price level, households’ income and spending. The survey is conducted regularly in 19 cities, viz., Ahmedabad, Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, Delhi, Guwahati, Hyderabad, Jaipur, Jammu, Kolkata, Lucknow, Mumbai, Nagpur, Patna, Raipur, Ranchi and Thiruvananthapuram. The results of this survey provide useful inputs for monetary policy.

The Reserve Bank has today released data on Reserve Money for the week ended October 27, 2023 and Money Supply for the fortnight ended October 20, 2023.

Shweta Sharma     
Deputy General Manager

Press Release: 2023-2024/1218

Today, the Reserve Bank released the results1 of fourteenth round of its biennial survey on foreign collaboration in Indian industry (FCS) covering the financial years 2021-22 and 2022-23. This survey captures information on financial parameters and operations of the Indian companies having technical collaboration with foreign companies during the reference period, as per the attached schedule.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2022 2023 Variation Oct. 21 Oct. 13   Oct. 20 Week Year 1 2 3 4 5
4 Loans and Advances    

4.1 Central Government    0    0    0    0    0
4.2 State Governments    5092    20364    20227    -137    15135
* Data are provisional.

The Reserve Bank has today released data on Reserve Money for the week ended October 13, 2023. Ajit Prasad            
Director (Communications) Press Release: 2023-2024/1174

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item20222023Variation Oct. 14Oct. 6Oct. 13WeekYear 12345 4 Loans and Advances 4.1 Central Government00000 4.2 State Governments78362430320364-393912528 * Data are provisional.

SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 07-Oct-2222-SEP-2023*06-OCT-2023*07-Oct-2222-SEP-2023*06-OCT-2023* ILIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks191780.92238947.18233687.07194707.13241286.81236022.15 **

b) Borrowings from banks61002.31195119.2199276.661308.31195203.11199285.6

c) Other demand & time liabilities50315.1170559.3472142.7950858.9670625.03

Today, the Reserve Bank released the October 2023 issue of its monthly Bulletin. The Bulletin includes two speeches, six articles and current statistics.

The six articles are: I. State of the Economy; II. Measuring Uncertainty: An Indian Perspective; III. Impact of G-Sec Yield Movements on Bank Profitability in India; IV. Production Weighted Rainfall Index and Agriculture Production: Relationship Re-visited; V. Housing Finance Companies and the COVID-19 Pandemic: Does Size Matter?; and VI. COVID-19 Pandemic and the Resilience of India’s R&D Expenditure.

The Reserve Bank has launched the 39th round of the quarterly Services and Infrastructure Outlook Survey (SIOS) for the reference period October-December 2023. The survey assesses the business situation for the current quarter (Q3:2023-24) from selected companies in the services and infrastructure sectors in India and their expectations for the ensuing quarter (Q4:2023-24) based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment conditions and the price situation. The outlook on key parameters for the two subsequent quarters (Q1:2024-25 and Q2:2024-25) are also covered.

The Reserve Bank has today released data on Reserve Money for the week ended October 13, 2023 and Money Supply for the fortnight ended October 06, 2023.

The Reserve Bank has launched the 104th round of the quarterly Industrial Outlook Survey (IOS) of the Indian manufacturing sector for the reference period October-December 2023. The survey assesses business sentiment for the current quarter (Q3:2023-24) and expectations for the ensuing quarter (Q4:2023-24), based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment conditions and the price situation. The outlook on key parameters for the two subsequent quarters (Q1:2024-25 and Q2:2024-25) are also covered.

The Reserve Bank of India has today released the data on Overseas Direct Investment, both under Automatic Route and the Approval Route, for the month of September 2023.

Ajit Prasad           
Director (Communications)

Press Release: 2023-2024/1105

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item20222023Variation Oct. 7Sep. 29Oct. 6WeekYear 12345 4 Loans and Advances 4.1 Central Government00000 4.2 State Governments1083911606243031269713464 * Data are provisional.

2. Foreign Exchange Reserves*

ItemAs on October 6, 2023Variation over

WeekEnd-March 2023 Year

₹ Cr.US$ Mn.₹ Cr.US$ Mn.₹ Cr.US$ Mn.₹ Cr.US$ Mn.

12345678

1 Total Reserves4867956584742-14828-2166113691629248102051873

1.1 Foreign Currency Assets #4325067519529-3057-707135935983844342148033

1.2 Gold35220042306-11624-1425-19299-2894315003352

1.3 SDRs14921217923-31-15-1952-4694467342

1.4 Reserve Position in the IMF414774983-116-19-992-1831631147

* Difference, if any, is due to rounding off.
# Excludes (a) SDR holdings of the Reserve Bank, as they are included under the SDR holdings; (b) investment in bonds issued by IIFC (UK); and (c) amounts lent under the SAARC Currency swap arrangements.

The Reserve Bank has today released data on Reserve Money for the week ended September 22, 2023. Ajit Prasad Director (Communications) Press Release: 2023-2024/1002

The Reserve Bank of India has launched the 63rd round of its Order Books, Inventories and Capacity Utilisation Survey (OBICUS). The survey is for the reference period July - September 2023 (Q2:2023-24).

The Reserve Bank has been conducting the Order Books, Inventories and Capacity Utilisation Survey (OBICUS) of the manufacturing sector on a quarterly basis since 2008. The information collected in the survey includes quantitative data on new orders received during the reference quarter, backlog of orders at the beginning of the quarter, pending orders at the end of the quarter, total inventories with a breakup between finished goods (FG), work-in-progress (WiP) and raw material (RM) inventories at the end of the quarter, item-wise production in terms of quantity and value during the quarter vis-à-vis the installed capacity from the targeted group and the reasons for changes in production / installed capacity during the quarter. The level of capacity utilisation (CU) is estimated from these responses. The survey provides valuable input for monetary policy formulation. The survey findings are released on the website of the Bank regularly.

During this quarter, selected manufacturing companies will be approached by the Bank. Other manufacturing companies may also participate in the survey by downloading the survey questionnaire from the Reserve Bank’s website https://www.rbi.org.in. The survey questionnaire is placed under the head ‘Forms’ (available under the ‘More Links’ at the bottom of the home page) and sub-head ‘Survey’. The duly authenticated filled-in survey schedule may be e-mailed as per contact details provided in the survey schedule.

Company level data are treated as confidential and never disclosed.

In case of any query/clarification, kindly contact us at the following address:

The Director,
Division of Enterprise Surveys,
Department of Statistics and Information Management,
Reserve Bank of India,
C-8, 2nd floor, Bandra-Kurla Complex, Bandra (East),
Mumbai - 400051,
Phone - 022-26578235/279;
Please click here to send email.

Ajit Prasad           
Director (Communications)

Press Release: 2023-2024/1055

The Reserve Bank of India today released on its website the results of the following Surveys: Consumer Confidence Survey (CCS) – September 2023 Inflation Expectations Survey of Households (IESH) – September 2023 OBICUS Survey on manufacturing sector – Q1:2023-24 Industrial Outlook Survey of the Manufacturing Sector for Q2:2023-24 Survey of Professional Forecasters on Macroeconomic Indicators – Round1 84rd

Bank Lending Survey for Q2:2023-24

Services and Infrastructure Outlook Survey for Q2:2023-24

The Survey results are based on the feedback received from the respondents to the Surveys and do not necessarily reflect the views of the Reserve Bank of India.

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1070

1 The survey results reflect the respondents’ views, which are not necessarily shared by the Reserve Bank. Results of the previous survey round were released on the Bank’s website on August 10, 2023.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item20222023Variation Sep. 30Sep. 22Sep. 29WeekYear 12345 4 Loans and Advances 4.1 Central Government00000 4.2 State Governments56111348011606-18745995 * Data are provisional. 2. Foreign Exchange Reserves* ItemAs on September 29, 2023Variation over WeekEnd-March 2023Year ₹ Cr.US$ Mn.₹ Cr.US$ Mn.₹ Cr.US$ Mn.₹ Cr.US$ Mn. 12345678 1 Total Reserves4882783586908-15553 3794128519845854879654244 1.1 Foreign Currency Assets #4328124520236-11803-31271389921054548124247429

1.2 Gold36382443731-3586-576-7676-1469578606126

1.3 SDRs14924317939-123-74-1921-4537456512

1.4 Reserve Position in the IMF415935002-40-18-876-1642238176

* Difference, if any, is due to rounding off.
# Excludes (a) SDR holdings of the Reserve Bank, as they are included under the SDR holdings; (b) investment in bonds issued by IIFC (UK); and (c) amounts lent under the SAARC Currency swap arrangements.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs)ALL SCHEDULED BANKS 23-Sep-2208-SEP-2023*22-SEP-2023*23-Sep-2208-SEP-2023*22-SEP-2023* ILIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks.185703.85253481.66243807.14188640.83255860.31246146.77** b) Borrowings from banks57304.07188137.54195119.257338.07188207.97195203.11 c) Other demand & time liabilities46955.9469409.9270309.947474.3870117.3770375.59 IILIABILITIES TO OTHERS (A) a) Deposits (other than from banks)17031994.6219383942.24 (19240124.52)19275841.49 (19133844.78)17454902.1919823692.2 (19679874.48)19714798.74 (19572802.03) i) Demand1981190.632194425.232199832.662025927.792239958.522245091.87 ii) Time15050803.9917189516.9417076008.9115428974.417583733.6117469706.95 b) Borrowings @531878.55845916.87839112.11537170.08850211.62843305.51 c) Other demand & time liabilities691762.8873173.15878564.56704631.55887113.13892521.09

IIIBORROWINGS FROM R.B.I. (B)103965.1628186.49187948103965.1628186.49187948

 Against usance bills and / or prom. Notes      

IVCASH110168.299284.0194141.33113183.09101609.3696589.85

VBALANCES WITH R.B.I. (B)767170.74992545.97959345.47785714.11012625.98979142.3

VIASSETS WITH BANKING SYSTEM      

 a) Balances with other banks      

 i) In current accounts23252.839952.278640.9626501.5312651.0411236.59

 ii) In other accounts164333.92175229.57173116.9201290.04213521.24211610.32

 b) Money at call & short notice13576.4325533.6522686.3632417.0341662.6139873.78

 c) Advances to banks (i.e. due from bks.)41529.6147364.6246799.9641977.5148185.5747554.86 £

 d) Other assets55090.892373.7993496.5358659.2395276.2496272.91

VIIINVESTMENTS (At book value)5075621.985982861.04
(5869994.88)5981356.32
(5868391.34)5222891.356131108.26
(6018242.10)6128399.57
(6015434.59)

 a) Central & State Govt. securities+5074818.55982086.135980660.085216388.956124176.686121397.24

 b) Other approved securities803.49774.9696.246502.396931.587002.33

VIIIBANK CREDIT (Excluding Inter-Bank Advances)12629874.7915039168.68
(14444840.83)15151318.89
(14558878.43)13007886.5915433148.27
(14838820.42)15534392.74
(14941952.28)

 a) Loans, cash credits & Overdrafts $12393420.7314783209.9514891524.7712768531.5815174352.4915271834.61

 b) Inland Bills purchased35836.6944672.7444986.0735854.3844686.7845000.2

 c) Inland Bills discounted155850.37170730.78174846.68157963.74172894.78176948.51

 d) Foreign Bills purchased16882.6616713.9316500.4417061.8916943.0416735.29

 e) Foreign Bills discounted27884.3323841.2523460.9628475.0124271.1623874.16

The Reserve Bank has today released data on Reserve Money for the week ended September 29, 2023 and Money Supply for the fortnight ended September 22, 2023.

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1042

The value of exports and imports of services during August 2023 is given in the following table. International Trade in Services (US$ Million) MonthReceipts (Exports)Payments (Imports) April – 202325,781 (7.2)13,959 (-0.7) May – 202326,997 (7.4)15,881 (4.5) June – 202327,796 (3.3)15,609 (-1.0) July – 202326,228 (8.1)13,754 (-2.2) August – 202328,719 (8.4)15,103 (-0.8)

The Reserve Bank of India has today released the data on External Commercial Borrowings (ECB), Foreign Currency Convertible Bonds (FCCB) and Rupee Denominated Bonds (RDB) both, through Automatic Route and Approval Route, for the month of August 2023.

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1037

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item20222023 Variation Sep. 23Sep. 15Sep. 22 Week Year 12345 4 Loans and Advances 4.1 Central Government 00000 4.2 State Governments 65151693913480-34596965 * Data are provisional. 2. Foreign Exchange Reserves* ItemAs on September 22, 2023Variation over WeekEnd-March 2023 Year

Today, the Reserve Bank released data relating to India’s International Investment Position for end-June 2023[1]. Key Features of India’s IIP in end-June 2023: Net claims of non-residents on India increased by US$ 12.1 billion during Q1:2023-24 and stood at US$ 379.7 billion as at end-June 2023.The rise in net claims of non-residents during the quarter was on account of higher rise in foreign-owned financial assets in India (US$ 36.2 billion) when compared with Indian residents’ overseas financial assets (US$ 24.1 billion) (Table 1).Increase in reserve assets (US$ 16.6 billion) was the largest contributor to the rise in Indian residents’ foreign assets during April-June 2023, followed by direct investment, loans and trade credit.Inward portfolio investment (US$ 15.0 billion) and foreign direct investment (US$ 8.9 billion) together accounted for two thirds of the rise in foreign liabilities of Indian residents.Reserve assets accounted for 64.2 per cent of India’s international financial assets at end-June 2023 (Tables 1 and 2).

The stock of external debt at end-June 2023 as well as revised data for earlier quarters are set out in Statements I (IMF format1) and II (old format). The major developments relating to India’s external debt as at end-June 2023 are presented below.Highlights At end-June 2023, India’s external debt was placed at US$ 629.1 billion, recording an increase of US$ 4.7 billion over its level at end-March 2023 (Table 1).The external debt to GDP ratio declined to 18.6 per cent at end-June 2023 from 18.8 per cent at end-March 2023.

Earlier today, the Reserve Bank of India released balance of payments (BoP) data for April-June 2023 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April-June 2023 are detailed below: Sources of Variation in Foreign Exchange Reserves: April-June 2023 During April-June 2023, there was an increase in the foreign exchange reserves, the sources of which are set out in Table.