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.

Preliminary data on India’s balance of payments (BoP) for the first quarter (Q1), i.e., April-June 2023-24, are presented in Statements I (BPM6 format) and II (old format).Key Features of India’s BoP in Q1:2023-24.India’s current account deficit (CAD) narrowed to US$ 9.2 billion (1.1 per cent of GDP) in Q1:2023-24 from US$ 17.9 billion (2.1 per cent of GDP) in Q1:2022-23 but it was higher than US$ 1.3 billion (0.2 per cent of GDP) in the preceding quarter.1
The widening of CAD on a quarter-on-quarter basis was primarily on account of a higher trade deficit coupled with a lower surplus in net services and decline in private transfer receipts.Net services receipts decreased sequentially, primarily due to a decline in exports of computer, travel and business services, though remained higher on a year-on-year (y-o-y) basis.

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) for the month of September 2023.Highlights: Lending Rates:The weighted average lending rate (WALR) on fresh rupee loans of SCBs increased by 3 basis points (bps) from 9.44 per cent in July 2023 to 9.47 per cent in August 2023.1-Year median Marginal Cost of Fund based Lending

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 

Today, the Reserve Bank of India placed on its website an update on “Measuring Productivity at the Industry Level-The India KLEMS [capital (K), Labour (L), Energy (E), Material (M) and services (S)] Database” comprising the Data Manual 2022 along with time series on productivity for 27 industries covering the period 1980-81 to 2020-21.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2022 2023 Variation Sep. 16 Sep. 8 Sep. 15 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government   0 0 0 0 0 4.2 State Governments 6178 24915 16939 -7976 10761 * Data are provisional. 2. Foreign Exchange Reserves* Item As on September 15,2023 Variation over Week End-March 2023 Year ₹Cr.US$ Mn.  

SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS  09-Sep-2225-AUG-2023*08-SEP-2023*09-Sep-2225-AUG-2023*08-SEP-2023*  ILIABILITIES TO THE BKG.SYSTEM (A)  a) Demand & Time deposits from bks.183335.64246284.1253485.01186364.23248463.22255863.66** b) Borrowings from banks41752.75199018.31188137.5441824.75199142.43188207.97  c) Other demand & time liabilities44678.468276.3270299.5245184.8168988.2871006.97

The Reserve Bank has today released data on Money Supply for the fortnight ended September 08, 2023.Ajit Prasad  Director (Communications) Press Release: 2023-2024/958

The Reserve Bank has today released data on Reserve Money for the week ended September 15, 2023.

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

The five articles are: I. State of the Economy; II. Fiscal Costs of Reverting to the Old Pension System by the Indian States – An Assessment; III. An Analysis of the Recent Performance of NBFC Sector; IV. Inflation and Inflation Expectations: A Distributional Mapping; and V. Private Consumption Drivers in India: A Thick Modelling Approach.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item20222023Variation Sep. 9Sep. 1Sep. 8WeekYear 12345 4 Loans and Advances 4.1 Central Government00000 4.2 State Governments15914229042491520119002 * Data are provisional.

Today, the Reserve Bank released its annual publication titled “Handbook of Statistics on the Indian Economy, 2022-23” (HBS). This publication, the 25th in the series, disseminates time series data on major economic and financial indicators relating to the Indian economy.

The current volume contains 240 statistical tables covering macroeconomic and financial variable pertaining to national income aggregates, output, prices, money, banking, financial markets, public finances, foreign trade and balance of payments as well as select socio-economic indicators. Longer time-series on these variables are also available on the Reserve Bank’s next generation Data Warehouse ‘Centralised

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 August 2023.

Ajit Prasad           
Director (Communications)

Press Release: 2023-2024/918

The Reserve Bank has today released data on Reserve Money for the week ended September 08, 2023. Ajit Prasad Director (Communications) Press Release: 2023-2024/914

Today, the Reserve Bank released the provisional results of the 2022-231 round of the annual census on foreign liabilities and assets (FLA) covering cross-border liabilities and assets of the entities (viz., companies, limited liability partnerships (LLPs), alternative investment funds (AIFs) and partnership firms) with inward/outward direct investment (DI).

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item20222023Variation Sep. 2Aug. 25Sep. 1WeekYear 12345 4 Loans and Advances 4.1 Central Government00000 4.2 State Governments87761647022904643414128 * Data are provisional.2. Foreign Exchange Reserves*

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 26-Aug-22    11-AUG-2023*25-AUG-2023* 26-Aug-22    11-AUG-2023* 25-AUG-2023* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks.188767.08254229.15246284.1 191920.01    256429.72    248463.22 ** b) Borrowings from banks 44956.33190016.47199019.52 45029.33    190103.15    199143.64 c) Other demand & time liabilities

The Reserve Bank has today released data on Reserve Money for the week ended September 01, 2023 and Money Supply for the fortnight ended August 25, 2023. Ajit Prasad Director (Communications) Press Release: 2023-2024/873

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item    2022    2023    Variation Aug. 26    Aug. 18 Aug. 25 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments    4811 15343 16470 1127 1659  Data are provisional.
 

The Reserve Bank of India has been regularly conducting Inflation Expectations Survey of Households (IESH). The September 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., Mumbai has been engaged to conduct the survey of this round on behalf of the Reserve Bank of India. For this purpose, the selected households will be approached by the agency and they are requested to provide their response. Other individuals, who are not approached by the agency can also participate in this survey by providing their responses using the linked survey schedule. The filled in survey schedule may be e-mailed as per contact details given below. In case of any query/clarification, kindly contact at the following address:

The Director,
Division of Household Surveys,
Department of Statistics and Information Management,
Reserve Bank of India,
C-8, 2nd Floor,
Bandra-Kurla Complex, Bandra (East),
Mumbai-400051;
Phone: 022-2657 8398, 022-2657 8520;
Please click here to send email.

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/855

The Reserve Bank of India has been regularly conducting Consumer Confidence Survey (CCS). The September 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 agency, M/s Hansa Research Group Pvt. Ltd., Mumbai has been engaged to conduct the survey of this round on behalf of the Reserve Bank of India. For this purpose, the selected households will be approached by the agency and they are requested to provide their responses. Other individuals, who are not approached by the agency, can also participate in this survey by providing their responses using the linked survey schedule. The filled in survey schedule may be e-mailed as per the contact details given below. In case of any query/clarification, kindly contact at the following address:

The Director,
Division of Household Surveys,
Department of Statistics and Information Management,
Reserve Bank of India,
C-8, 2nd Floor,
Bandra-Kurla Complex, Bandra (East),
Mumbai-400051;
Phone: 022-2657 8398, 022-2657 8332;
Please click here to send email.

The value of exports and imports of services during July 2023 is given in the following table. International Trade in Services (US$ Million) MonthReceipts (Exports)Payments (Imports) April – 2023 25, 842 (7.5) 13, 626 (-3.1) May – 2023 27, 060
(7.7)15, 502 (2.0) June – 202327,861 (3.5) 15, 236
(-3.4) July – 2023 26, 228
(8.1)13, 754 (-2.2) Notes: (i) Data are provisional; and (ii) Figures in brackets are growth rates over the corresponding month of the previous year which have been revised on the basis of balance of payments statistics.

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) for the month of August 2023. Highlights: Lending Rates: The weighted average lending rate (WALR) on fresh rupee loans of SCBs increased by 24 basis points (bps) from 9.20 per cent in June 2023 to 9.44 per cent in July 2023. The WALR on outstanding rupee loans of SCBs increased by 2 bps from 9.82 per cent in June 2023 to 9.84 per cent in July

The Reserve Bank of India today released on its website the results of the following Surveys: Consumer Confidence Survey (CCS) – July 2023 Inflation Expectations Survey of Households (IESH) – July 2023 OBICUS Survey on manufacturing sector – Q4:2022-23 Industrial Outlook Survey of the Manufacturing Sector for Q1:2023-24 Survey of Professional Forecasters on Macroeconomic Indicators– Round1 83rd Bank Lending Survey for Q1:2023-24 Services and Infrastructure Outlook Sur