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.