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