The Reserve Bank of India today placed on its website the Report of the Committee on MIBOR Benchmark (Chairperson: Shri R. Subramanian). The Committee was set up to review the Rupee interest rate benchmarks in the country, especially the usage of Mumbai Interbank Outright Rate (MIBOR) and to examine the need for transition to new benchmarks.

Today, the Reserve Bank of India released on its website the DRG Study titled, “Monetary Policy Transmission and Labour Markets in India.” The study is co-authored by Chetan Ghate, Satadru Das, Debojyoti Mazumder, Sreerupa Sengupta, and Satyarth Singh.

Today, the Reserve Bank of India releases Volume 44, No.2, 2023 of its Occasional Papers, a research journal containing contributions from its staff. This issue contains three articles and three book reviews. Articles: 1. Cross-border Capital Flows and Sudden Stops: Lessons from Emerging Market Economies

Today, the Reserve Bank released data relating to India’s International Investment Position for end-June 2024[1]. Key Features of India’s IIP in end-June 2024: Net claims of non-residents on India increased by US$ 6.7 billion during Q1:2024-25 to US$ 368.3 billion in June 2024. •    The rise in net claims of non-residents during the quarter was due to higher increase in foreign-owned assets in India (US$ 28.8 billion) vis-à-vis that in Indian residents’ overseas financial assets (US$ 22.1 billion) (Table 1). •    Inward direct investment was the largest contributor to the rise in foreign liabilities during April-June 2024 followed by currency and deposits, loans and trade credit. 

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of September 2024 are set out in Tables 1 to 7. Highlights:

The value of exports and imports of services during August 2024 is given in the following table. International Trade in Services (US$ million) Month Receipts (Exports) Payments (Imports) April – 2024 30,179 (17.1) 16,749 (20.0) May – 2024 29,614 (9.7) 16,863 (6.2)

The stock of external debt at end-June 2024 as well as revised data for earlier quarters are set out in Statements I (IMF format ) and II (old format). The major developments relating to India’s external debt as at end-June 2024 are presented below. Highlights • At end-June 2024, India’s external debt was placed at US$ 682.3 billion, an increase of US$ 13.3 billion over its level at end-March 2024 (Table 1).

Data on sectoral deployment of bank credit for the month of August 2024 collected from 41 select scheduled commercial banks, accounting for about 95 per cent of the total non-food credit deployed by all scheduled commercial banks, are set out in Statements I and II.

Today, the Reserve Bank of India released the balance of payments (BoP) data for the first quarter (Q1), i.e., April-June of 2024-25 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April-June 2024 are detailed below in Table 1

Preliminary data on India’s balance of payments (BoP) for the first quarter (Q1), i.e., April-June 2024-25, are presented in Statements I and II. Key Features of India’s BoP in Q1:2024-25 • India’s current account deficit (CAD) widened marginally to US$ 9.7 billion (1.1 per cent of GDP) in Q1:2024-25 from US$ 8.9 billion (1.0 per cent of GDP) in Q1:2023-24 and against a surplus of US$ 4.6 billion (0.5 per cent of GDP) in Q4:2023-24.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Sep. 22 Sep. 13 Sep. 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 13480 29725 26447 -3279 12967 * Data are provisional; difference, if any, is due to rounding off.

Today the Reserve Bank of India placed on its website a research study titled “Status of Digital Financial Literacy in Lakshadweep Islands: Bottlenecks and Way Forward” under the Project Research Study . The study is based on the primary data collected from all the ten inhabited islands in Lakshadweep - Agatti, Amini, Andrott, Bitra, Chetlat, Kadmat, Kalpeni, Kavaratti, Kiltan and Minicoy - to analyse the present status of digital financial literacy and digital financial inclusion. While households were the primary unit of enumeration of the survey, SHG members, bank employees, school authorities, students and business-persons in the islands were also interviewed.

The Reserve Bank has today released data on Reserve Money for the week ended September 20, 2024.

Today, the Reserve Bank released the September 2024 issue of its monthly Bulletin. The Bulletin includes eleven speeches, four articles, and current statistics. The four articles are: I. State of the Economy; II. Synchronisation of Indian States’ Business Cycle; III. Priority Sector Lending: The Indian Experience; IV. Peeling the Layers: A Review of the NBFC Sector in Recent Times.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 08-Sep-2023 23-Aug-2024* 06-Sep-2024* 08-Sep-2023 23-Aug-2024* 06-Sep-2024* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 248727.47 294896.40 297810.00 251106.12 298809.39 302095.57** b) Borrowings from banks 188137.55 126681.45 128865.30 188207.97 126693.70 129153.89 c) Other demand & time liabilities 69409.90 77788.66 23520.31 70117.34 78091.61 23848.47 II LIABILITIES TO OTHERS (A) a) Deposits (other than from banks) 19388696.45 21325126.04 21549984.81 19828360.43 21775041.27 22001736.24 i) Demand 2199179.49 2446039.12 2456817.43 2244723.98 2494144.42 2505222.10

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Sep. 15 Sep. 6 Sep. 13 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 16939 35426 29725 -5701 12786 * 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 September 13, 2024 and Money Supply for the fortnight ended September 06, 2024.

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 July 2024.

Today, the Reserve Bank released its annual publication “Handbook of Statistics on the Indian Economy, 2023-24” (HBS). The publication, 26th in the series, provides detailed time-series data on the Indian economy

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Sep. 8 Aug. 30 Sep. 6 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 24915 13381 35426 22045 10511 * Data are provisional; difference, if any, is due to rounding off.

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 2024.

The Reserve Bank has today released data on Reserve Money for the week ended September 06, 2024.

(Amount in ₹ Crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 25-Aug-2023 09-Aug-2024* 23-Aug-2024* 25-Aug-2023 09-Aug-2024* 23-Aug-2024* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 241128.05 292345.35 295815.45 243491.28 296541.45 299728.44** b) Borrowings from banks 199018.30 130962.87 126866.69 199138.00 130982.37 126878.94 c) Other demand & time liabilities 68276.33 76963.58 77788.62 68978.29 77260.31 78091.57

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Sep. 1 Aug. 23 Aug. 30 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 22904 26802 13381 -13421 -9523 * 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 August 30, 2024 and Money Supply for the fortnight ended August 23, 2024.

Today, the Reserve Bank released the web publication ‘Deposits with Scheduled Commercial Banks – June 2024 ’ on its ‘Database on Indian Economy’ portal (https://data.rbi.org.in Homepage > Publications).

Today, the Reserve Bank released its web publication entitled ‘Quarterly Basic Statistical Returns (BSR)-1: Outstanding Credit of Scheduled Commercial Banks (SCBs)1 - June 20242’ on its ‘Database on Indian Economy’ portal (https://data.rbi.org.in Homepage > Publications). It captures various characteristics of bank credit such as occupation/activity and organisational sector of the borrower, type of account and interest rates based on account-level reporting3. Data reported by SCBs (excluding Regional Rural Banks) are presented for bank groups, population groups4 and states.

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of August 2024 are set out in Tables 1 to 7. Highlights: Lending Rates:

The value of exports and imports of services during July 2024 is given in the following table. International Trade in Services (US$ million) Month Receipts (Exports) Payments (Imports)

Today, the Reserve Bank released its quarterly house price index (HPI) (base: 2010-11=100) for Q1:2024-25, based on transaction-level data received from the registration authorities in ten major cities . Time series data on all-India and city-wise HPIs are available at the Bank’s database on Indian economy (DBIE) portal (https://cimsdbie.rbi.org.in/DBIE/#/dbie/home> Statistics > Real Sector > Prices & Wages).Today, the Reserve Bank released its quarterly house price index (HPI) (base: 2010-11=100) for Q1:2024-25, based on transaction-level data received from the registration authorities in ten major cities . Time series data on all-India and city-wise HPIs are available at the Bank’s database on Indian economy (DBIE) portal (https://cimsdbie.rbi.org.in/DBIE/#/dbie/home> Statistics > Real Sector > Prices & Wages).

Today, the Reserve Bank released data on the performance of the private corporate sector during the first quarter of 2024-25 drawn from abridged quarterly financial results of 2,934 listed non-government non-financial companies. These also include comparable data for Q1:2023-24 and Q4:2023-24 to enable study of sequential (q-o-q) and annual change (y-o-y)Today, the Reserve Bank released data on the performance of the private corporate sector during the first quarter of 2024-25 drawn from abridged quarterly                    financial results of 2,934 listed non-government non-financial companies.                These also                 include comparable data for Q1:2023-24 and Q4:2023-24 to enable study of sequential (q-o-q) and annual change (y-o-y)

Reserve Bank of India – Bulletin Weekly Statistical Supplement – Extract 1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Aug. 25 Aug. 16 Aug. 23 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 16470 26767 26802 36 10332 * Data are provisional; difference, if any, is due to rounding off.

Data on sectoral deployment of bank credit for the month of July 2024 collected from 41 select scheduled commercial banks, accounting for about 95 per cent of the total non-food credit deployed by all scheduled commercial banks, are set out in Statements I and II. On a year-on-year (y-o-y) basis, non-food bank credit registered a growth of 15.1 per cent in July 2024 as compared with 14.7 per cent a year ago.

The Reserve Bank of India has been regularly conducting Inflation Expectations Survey of Households (IESH). The September 2024 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 Reserve Bank of India has been regularly conducting Consumer Confidence Survey (CCS). The September 2024 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 August 23, 2024.

(Amount in ₹ crore)  SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 11-Aug-2023 26-Jul-2024* 09-Aug-2024* 11-Aug-2023 26-Jul-2024* 09-Aug-2024* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 252628.38 281244.55 291409.31 254828.96 285332.96 295605.42** b) Borrowings from banks 190016.45 138751.80 130893.83 190103.13 138778.69 130913.33 c) Other demand & time liabilities 67598.24 75507.30 76787.54 68310.20 75768.13 77084.27 II LIABILITIES TO OTHERS (A) a) Deposits (other than from banks) 19237925.20 21193710.22 21328461.29 19678912.96 21647187.77 21779721.76

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Aug. 18 Aug. 9 Aug. 16 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 15343 32993 26767 -6227 11424 * Data are provisional; difference, if any, is due to rounding off. 

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 June 2024.

The Reserve Bank has today released data on Reserve Money for the week ended August 16, 2024 and Money Supply for the fortnight ended August 09, 2024.

Today, the Reserve Bank released the August 2024 issue of its monthly Bulletin. The Bulletin includes monetary policy statement, five speeches, seven articles, and current statistics. The seven articles are: I. State of the Economy; II. Are Food Prices Spilling Over?; III. Union Budget 2024-25: An Assessment; IV. Estimate of Spare Capacity for India’s Services Sector; V. Evolution of FinTech and Central Banks: A Text Mining-Based Survey; VI. Private Corporate Investment: Growth in 2023-24 and Outlook for 2024-25; and VII. Measuring Progress in Sustainable Development Goals (SDGs): An Application of Natural Language Processing (NLP) on Budget Documents. 

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Aug. 11 Aug. 2 Aug. 9 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 14255 31072 32993 1922 18738 * 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 August 09, 2024.

Today, the Reserve Bank released the results of the 2023-24 round of the survey of Foreign Liabilities and Assets of the Mutual Fund (MF) Companies1. The survey covered 45 Indian MF companies (list in Annex) and their Asset Management Companies (AMCs), which held/acquired foreign assets/ liabilities during 2023-24 and/or in the preceding years. The information on face value and market value of units held by non-residents, unit premium reserve, other foreign liabilities and assets of MF companies as at end of the financial year were collected under the survey. The external assets and liabilities of their AMCs were taken from the annual census on foreign liabilities and assets (FLA) of direct investment companies for the reference period. Highlights:

The Reserve Bank has constituted an Expert Committee to: (a) benchmark the statistics regularly disseminated by it against global standards / best practices; (b) study the quality of other regular data, where such benchmarks do not exist (e.g., sectors of national priority); and (c) provide guidance on the scope for any further data refinement. Following is the composition of the Expert Committee: 1 Dr. Michael Debabrata Patra Deputy Governor, Reserve Bank of India Chairman

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 28-Jul-2023 12-Jul-2024* 26-Jul-2024* 28-Jul-2023 12-Jul-2024* 26-Jul-2024* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 246355.08 277025.27 281124.93 248613.62 281004.70 285213.34 b) Borrowings from banks 193269.47 137361.61 138751.80 193383.48 137371.11 138778.69 c) Other demand & time liabilities 66076.62 75090.42 75247.02 66775.50 75387.79 75507.85 II LIABILITIES TO OTHERS (A)

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 July 2024.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Aug. 4 Jul. 26 Aug. 2 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 23123 21239 31072 9832 7949 * Data are provisional; difference, if any, is due to rounding off.

The Reserve Bank of India today released on its website the results of the following Surveys:  i) Consumer Confidence Survey (CCS) – July 2024 ii) Inflation Expectations Survey of Households (IESH) – July 2024 iii) OBICUS Survey on manufacturing sector – Q4:2023-24 iv) Industrial Outlook Survey of the Manufacturing Sector for Q1:2024-25 v) Survey of Professional Forecasters on Macroeconomic Indicators – Round[1] 89th vi) Bank Lending Survey for Q1:2024-25 vii) Services and Infrastructure Outlook Survey for Q1:2024-25  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.

The Reserve Bank has today released data on Reserve Money for the week ended August 02, 2024 and Money Supply for the fortnight ended July 26, 2024.