NO. 41 : INDIA'S OVERALL BALANCE OF PAYMENTS IN RUPEES QUARTERLY - RBI - Reserve Bank of India
82990719
Published on September 05, 1998
NO. 41 : INDIA'S OVERALL BALANCE OF PAYMENTS IN RUPEES QUARTERLY
| (Rs. crore) | |||||||||||||||
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| Items | 1990-91PR
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1995-96PR
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1996-97PR
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1997-98
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| Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net | ||||
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | |||
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| A. | CURRENT | ||||||||||||||
| ACCOUNT | |||||||||||||||
| I. | MERCHANDISE | 33152.6 | 50086.2 | -16933.6 | 108481.1 | 146542.3 | -38061.2 | 121193.5 | 173753.0 | -52559.5 | 129515.9 | 190266.8 | -60750.9 | ||
| II. | INVISIBLES | ||||||||||||||
| (a+b+c) | 13393.6 | 13828.5 | -434.9 | 59481.7 | 41027.2 | 18454.5 | 76533.8 | 39813.4 | 36720.4 | 85517.1 | 49321.2 | 36195.9 | |||
| a) | Services | 8167.1 | 6408.1 | 1759.0 | 24787.6 | 25449.5 | -661.9 | 27007.1 | 23943.4 | 3063.7 | 34488.2 | 30157.1 | 4331.1 | ||
| i) | Travel | 2612.5 | 702.5 | 1910.0 | 9150.3 | 3908.8 | 5241.5 | 10231.8 | 3049.3 | 7182.5 | 10879.6 | 5339.6 | 5540.0 | ||
| ii) | Transportation | 1764.6 | 1961.0 | -196.4 | 6764.5 | 7279.5 | -515.0 | 6942.4 | 8497.1 | -1554.7 | 6652.1 | 9352.3 | -2700.2 | ||
| iii) | Insurance | 198.4 | 158.4 | 40.0 | 599.6 | 478.9 | 120.7 | 771.1 | 542.6 | 228.5 | 869.7 | 679.1 | 190.6 | ||
| iv) | G.n.i.e. | 27.3 | 311.2 | -283.9 | 44.0 | 724.1 | -680.1 | 256.9 | 634.7 | -377.8 | 1037.6 | 593.8 | 443.8 | ||
| v) | Miscellaneous | 3564.3 | 3275.0 | 289.3 | 8229.2 | 13058.2 | -4829.0 | 8804.9 | 11219.7 | -2414.8 | 15049.2 | 14192.3 | 856.9 | ||
| b) | Transfers | 4566.0 | 27.5 | 4538.5 | 29962.1 | 129.2 | 29832.9 | 45715.7 | 290.5 | 45425.2 | 45234.2 | 164.9 | 45069.3 | ||
| vi) | Official | 829.3 | 1.8 | 827.5 | 1193.7 | 21.0 | 1172.7 | 1507.4 | 50.3 | 1457.1 | 1304.9 | - | 1304.9 | ||
| vii) | Private | 3736.7 | 25.7 | 3711.0 | 28768.4 | 108.2 | 28660.2 | 44208.3 | 240.2 | 43968.1 | 43929.3 | 164.9 | 43764.4 | ||
| c) | Investment Income | 660.5 | 7392.9 | -6732.4 | 4732.0 | 15448.5 | -10716.5 | 3811.0 | 15579.5 | -11768.5 | 5794.7 | 18999.2 | -13204.5 | ||
| Total Current Account | 46546.2 | 63914.7 | -17368.5 | 167962.8 | 187569.5 | -19606.7 | 197727.3 | 213566.4 | -15839.1 | 215033.0 | 239588.0 | -24555.0 | |||
| (I+II) | |||||||||||||||
| B. | CAPITAL | ||||||||||||||
| ACCOUNT | |||||||||||||||
| 1. | Foreign Investment | 201.8 | 18.3 | 183.5 | 19041.9 | 3418.2 | 15623.7 | 27342.0 | 6621.5 | 20720.5 | 33045.2 | 14612.4 | 18432.8 | ||
| (a+b) | |||||||||||||||
| a) | In India | 201.8 | 18.3 | 183.5 | 18994.4 | 2720.8 | 16273.6 | 27309.2 | 5921.9 | 21387.3 | 32676.0 | 14114.6 | 18561.4 | ||
| i. | Direct | 191.7 | 18.1 | 173.6 | 7277.2 | 100.7 | 7176.5 | 9728.6 | 76.5 | 9652.1 | 11970.5 | 123.6 | 11846.9 | ||
| ii. | Portfolio | 10.1 | 0.2 | 9.9 | 11717.2 | 2620.1 | 9097.1 | 17580.6 | 5845.4 | 11735.2 | 20705.5 | 13991.0 | 6714.5 | ||
| b) | Abroad | - | - | - | 47.5 | 697.4 | -649.9 | 32.8 | 699.6 | -666.8 | 369.2 | 497.8 | -128.6 | ||
| 2. | Loans | 16922.4 | 6994.7 | 9927.7 | 38395.5 | 30421.5 | 7974.0 | 62989.9 | 46008.1 | 16981.8 | 64110.7 | 46688.5 | 17422.2 | ||
| (a+b+c) | |||||||||||||||
| a) | External | ||||||||||||||
| Assistance | 6094.5 | 2140.1 | 3954.4 | 10101.4 | 6799.2 | 3302.2 | 10892.9 | 6923.2 | 3969.7 | 10795.0 | 7442.4 | 3352.6 | |||
| i) | By India | - | 10.5 | -10.5 | - | 53.6 | -53.6 | - | 28.6 | -28.6 | - | 77.7 | -77.7 | ||
| ii) | To India | 6094.5 | 2129.6 | 3964.9 | 10101.4 | 6745.6 | 3355.8 | 10892.9 | 6894.6 | 3998.3 | 10795.0 | 7364.7 | 3430.3 | ||
| b) | Commercial | ||||||||||||||
| Borrowings | 7683.8 | 3639.2 | 4044.6 | 14470.4 | 9892.4 | 4578.0 | 26896.0 | 16862.9 | 10033.1 | 27253.0 | 12653.3 | 14599.7 | |||
| (MT & LT) | |||||||||||||||
| i) | By India | 54.1 | 43.9 | 10.2 | 30.0 | - | 30.0 | 29.5 | - | 29.5 | 42.3 | - | 42.3 | ||
| ii) | To India | 7629.7 | 3595.3 | 4034.4 | 14440.4 | 9892.4 | 4548.0 | 26866.5 | 16862.9 | 10003.6 | 27210.7 | 12653.3 | 14557.4 | ||
| c) | Short Term | ||||||||||||||
| To India | 3144.1 | 1215.4 | 1928.7 | 13823.7 | 13729.9 | 93.8 | 25201.0 | 22222.0 | 2979.0 | 26062.7 | 26592.8 | -530.1 | |||
| 3. | Banking Capital | 18133.4 | 16908.6 | 1224.8 | 21691.7 | 19246.7 | 2445.0 | 28394.2 | 20504.1 | 7890.1 | 33053.6 | 36243.4 | -3189.8 | ||
| (a+b) | |||||||||||||||
| a) | Commercial Banks | 14282.0 | 12659.8 | 1622.2 | 20787.3 | 17704.0 | 3083.3 | 27052.0 | 19145.7 | 7906.3 | 30326.4 | 34838.9 | -4512.5 | ||
| i) | Assets | 764.2 | 1415.8 | -651.6 | 2845.4 | 4319.9 | -1474.5 | 2650.7 | 5738.3 | -3087.6 | 2093.4 | 10214.1 | -8120.7 | ||
| ii) | Liabilities | 334.5 | 817.1 | -482.6 | 1270.9 | 534.3 | 736.6 | 362.6 | 1262.6 | -900.0 | 193.0 | 909.1 | -716.1 | ||
| iii) | Non-Resident | ||||||||||||||
| Deposits | 13183.3 | 10426.9 | 2756.4 | 16671.0 | 12849.8 | 3821.2 | 24038.7 | 12144.8 | 11893.9 | 28040.0 | 23715.7 | 4324.3 | |||
| b) | Others | 3851.4 | 4248.8 | -397.4 | 904.4 | 1542.7 | -638.3 | 1342.2 | 1358.4 | -16.2 | 2727.2 | 1404.5 | 1322.7 | ||
| 4. | Rupee Debt Service | - | 2139.8 | -2139.8 | - | 3105.5 | -3105.5 | - | 2542.0 | -2542.0 | - | 2783.5 | -2783.5 | ||
| 5. | Other Capital | 5593.3 | 2128.7 | 3464.6 | 2474.3 | 11140.4 | -8666.1 | 9390.5 | 10267.4 | -876.9 | 23821.9 | 9170.8 | 14651.1 | ||
| Total Capital Account | 40850.9 | 28190.1 | 12660.8 | 81603.4 | 67332.3 | 14271.1 | 128116.6 | 85943.1 | 42173.5 | 154031.4 | 109498.6 | 44532.8 | |||
| (1 to 5) | |||||||||||||||
| C. | Errors & Omissions | 236.8 | - | 236.8 | 1286.9 | - | 1286.9 | - | 2114.3 | -2114.3 | - | 3324.0 | -3324.0 | ||
| D. | Overall Balance | 87633.9 | 92104.8 | -4470.9 | 250853.1 | 254901.8 | -4048.7 | 325843.9 | 301623.8 | 24220.1 | 369064.4 | 352410.6 | 16653.8 | ||
| (Total Capital | |||||||||||||||
| Account, Current | |||||||||||||||
| Account and | |||||||||||||||
| Errors & Omissions | |||||||||||||||
| (A+B+C) | |||||||||||||||
| E. | Monetary | ||||||||||||||
| Movements | 5626.8 | 1155.9 | 4470.9 | 9797.7 | 5749.0 | 4048.7 | - | 24220.1 | -24220.1 | 5900.5 | 22554.3 | -16653.8 | |||
| (i+ii) | |||||||||||||||
| i) | I.M.F. | 3333.7 | 1155.9 | 2177.8 | - | 5749.0 | -5749.0 | - | 3461.2 | -3461.2 | - | 2286.2 | -2286.2 | ||
| ii) | Foreign Exchange | ||||||||||||||
| Reserves | 2293.1 | - | 2293.1 | 9797.7 | - | 9797.7 | - | 20758.9 | -20758.9 | 5900.5 | 20268.1 | -14367.6 | |||
| ( Increase - / | |||||||||||||||
| Decrease +) | |||||||||||||||
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See 'Notes on Tables'. PR : Partially Revised.
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| Items | April-June 1997 PR
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July-Sept. 1997 PR
|
October-December 1997
|
January-March 1998
|
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| Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net | ||||
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| 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | ||||
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| A. | CURRENT | ||||||||||||||
| ACCOUNT | |||||||||||||||
| I. | MERCHANDISE | 30693.6 | 45851.2 | -15157.6 | 32266.5 | 42088.3 | -9821.8 | 31978.0 | 49955.6 | -17977.6 | 34577.8 | 52371.7 | -17793.9 | ||
| II. | INVISIBLES | ||||||||||||||
| (a+b+c) | 20133.2 | 10412.1 | 9721.1 | 22041.3 | 12251.0 | 9790.3 | 22509.1 | 11973.6 | 10535.5 | 20833.5 | 14684.5 | 6149.0 | |||
| a) | Services | 7756.7 | 7322.9 | 433.8 | 7145.2 | 7401.3 | -256.1 | 9925.8 | 6964.0 | 2961.8 | 9660.5 | 8468.9 | 1191.6 | ||
| i) | Travel | 2273.8 | 1224.2 | 1049.6 | 2255.4 | 1489.4 | 766.0 | 3122.7 | 1160.9 | 1961.8 | 3227.7 | 1465.1 | 1762.6 | ||
| ii) | Transportation | 1783.9 | 2494.1 | -710.2 | 1856.6 | 2436.7 | -580.1 | 1297.8 | 2080.8 | -783.0 | 1713.8 | 2340.7 | -626.9 | ||
| iii) | Insurance | 207.2 | 106.7 | 100.5 | 238.6 | 211.7 | 26.9 | 169.0 | 145.8 | 23.2 | 254.9 | 214.9 | 40.0 | ||
| iv) | G.n.i.e. | 94.1 | 201.3 | -107.2 | 273.6 | 117.8 | 155.8 | 242.7 | 85.8 | 156.9 | 427.2 | 188.9 | 238.3 | ||
| v) | Miscellaneous | 3397.7 | 3296.6 | 101.1 | 2521.0 | 3145.7 | -624.7 | 5093.6 | 3490.7 | 1602.9 | 4036.9 | 4259.3 | -222.4 | ||
| b) | Transfers | 10973.0 | 27.8 | 10945.2 | 13382.9 | 46.1 | 13336.8 | 11217.8 | 32.6 | 11185.2 | 9660.5 | 58.4 | 9602.1 | ||
| vi) | Official | 267.5 | - | 267.5 | 245.0 | - | 245.0 | 487.7 | - | 487.7 | 304.7 | - | 304.7 | ||
| vii) | Private | 10705.5 | 27.8 | 10677.7 | 13137.9 | 46.1 | 13091.8 | 10730.1 | 32.6 | 10697.5 | 9355.8 | 58.4 | 9297.4 | ||
| c) | Investment Income | 1403.5 | 3061.4 | -1657.9 | 1513.2 | 4803.6 | -3290.4 | 1365.5 | 4977.0 | -3611.5 | 1512.5 | 6157.2 | -4644.7 | ||
| Total Current Account | 50826.8 | 56263.3 | -5436.5 | 54307.8 | 54339.3 | -31.5 | 54487.1 | 61929.2 | -7442.1 | 55411.3 | 67056.2 | -11644.9 | |||
| (I+II) | |||||||||||||||
| B. | CAPITAL | ||||||||||||||
| ACCOUNT | |||||||||||||||
| 1. | Foreign Investment | 9334.8 | 2695.8 | 6639.0 | 7271.9 | 3146.1 | 4125.8 | 9149.8 | 4619.4 | 4530.4 | 7288.7 | 4151.1 | 3137.6 | ||
| (a+b) | |||||||||||||||
| a) | In India | 9288.7 | 2565.1 | 6723.6 | 7251.1 | 3017.8 | 4233.3 | 9059.8 | 4502.7 | 4557.1 | 7076.4 | 4029.0 | 3047.4 | ||
| i.) | Direct | 4144.3 | 53.7 | 4090.6 | 2408.1 | 5.6 | 2402.5 | 2698.5 | 50.3 | 2648.2 | 2719.6 | 14.0 | 2705.6 | ||
| ii.) | Portfolio | 5144.4 | 2511.4 | 2633.0 | 4843.0 | 3012.2 | 1830.8 | 6361.3 | 4452.4 | 1908.9 | 4356.8 | 4015.0 | 341.8 | ||
| b) | Abroad | 46.1 | 130.7 | -84.6 | 20.8 | 128.3 | -107.5 | 90.0 | 116.7 | -26.7 | 212.3 | 122.1 | 90.2 | ||
| 2. | Loans | 14980.7 | 7829.8 | 7150.9 | 18027.0 | 11455.4 | 6571.6 | 15920.8 | 13468.3 | 2452.5 | 15182.2 | 13935.0 | 1247.2 | ||
| (a+b+c) | |||||||||||||||
| a) | External | ||||||||||||||
| Assistance | 1553.9 | 1727.1 | -173.2 | 2276.6 | 1830.6 | 446.0 | 3169.6 | 1649.5 | 1520.1 | 3794.9 | 2235.2 | 1559.7 | |||
| i) | By India | - | 20.0 | -20.0 | - | 32.2 | -32.2 | - | 17.3 | -17.3 | - | 8.2 | -8.2 | ||
| ii) | To India | 1553.9 | 1707.1 | -153.2 | 2276.6 | 1798.4 | 478.2 | 3169.6 | 1632.2 | 1537.4 | 3794.9 | 2227.0 | 1567.9 | ||
| b) | Commercial | ||||||||||||||
| Borrowings | 6539.6 | 1294.1 | 5245.5 | 9109.6 | 3066.2 | 6043.4 | 6303.5 | 4124.4 | 2179.1 | 5300.3 | 4168.6 | 1131.7 | |||
| (MT & LT) | |||||||||||||||
| i) | By India | 11.9 | - | 11.9 | 26.6 | - | 26.6 | 3.8 | - | 3.8 | - | - | 0.0 | ||
| ii) | To India | 6527.7 | 1294.1 | 5233.6 | 9083.0 | 3066.2 | 6016.8 | 6299.7 | 4124.4 | 2175.3 | 5300.3 | 4168.6 | 1131.7 | ||
| c) | Short Term | ||||||||||||||
| To India | 6887.2 | 4808.6 | 2078.6 | 6640.8 | 6558.6 | 82.2 | 6447.7 | 7694.4 | -1246.7 | 6087.0 | 7531.2 | -1444.2 | |||
| 3. | Banking Capital | 11083.3 | 7169.6 | 3913.7 | 5814.7 | 10969.7 | -5155.0 | 7399.0 | 12761.6 | -5362.6 | 8756.6 | 5342.5 | 3414.1 | ||
| (a+b) | |||||||||||||||
| a) | Commercial Banks | 9478.5 | 7161.1 | 2317.4 | 5814.6 | 10323.6 | -4509.0 | 6424.3 | 12167.5 | -5743.2 | 8609.0 | 5186.7 | 3422.3 | ||
| i) | Assets | 1020.0 | 1629.9 | -609.9 | 825.3 | 3220.3 | -2395.0 | 216.3 | 5170.6 | -4954.3 | 31.8 | 193.3 | -161.5 | ||
| ii) | Liabilities | 83.5 | 276.0 | -192.5 | 49.8 | 177.4 | -127.6 | 35.5 | 24.3 | 11.2 | 24.2 | 431.4 | -407.2 | ||
| iii) | Non-Resident | ||||||||||||||
| Deposits | 8375.0 | 5255.2 | 3119.8 | 4939.5 | 6925.9 | -1986.4 | 6172.5 | 6972.6 | -800.1 | 8553.0 | 4562.0 | 3991.0 | |||
| b) | Others | 1604.8 | 8.5 | 1596.3 | 0.1 | 646.1 | -646.0 | 974.7 | 594.1 | 380.6 | 147.6 | 155.8 | -8.2 | ||
| 4. | Rupee Debt Service | - | 2265.5 | -2265.5 | - | 8.1 | -8.1 | - | 189.3 | -189.3 | - | 320.6 | -320.6 | ||
| 5. | Other Capital | 3220.1 | 2982.5 | 237.6 | 1962.7 | 1185.4 | 777.3 | 6217.1 | 2229.3 | 3987.8 | 12422.0 | 2773.6 | 9648.4 | ||
| Total Capital Account | 38618.9 | 22943.2 | 15675.7 | 33076.3 | 26764.7 | 6311.6 | 38686.7 | 33267.9 | 5418.8 | 43649.5 | 26522.8 | 17126.7 | |||
| (1 to 5) | |||||||||||||||
| C. | Errors & Omissions | 1007.2 | - | 1007.2 | - | 3846.2 | -3846.2 | - | 3335.2 | -3335.2 | 2850.2 | - | 2850.2 | ||
| D. | Overall Balance | 90452.9 | 79206.5 | 11246.4 | 87384.1 | 84950.2 | 2433.9 | 93173.8 | 98532.3 | -5358.5 | 101911.0 | 93579.0 | 8332.0 | ||
| (Total Capital | |||||||||||||||
| Account, Current | |||||||||||||||
| Account and | |||||||||||||||
| Errors & Omissions | |||||||||||||||
| (A+B+C) | |||||||||||||||
| E. | Monetary | ||||||||||||||
| Movements | - | 11246.4 | -11246.4 | - | 2433.9 | -2433.9 | 5900.5 | 542.0 | 5358.5 | - | 8332.0 | -8332.0 | |||
| (i+ii+iii) | |||||||||||||||
| i) | I.M.F. | - | 609.0 | -609.0 | - | 646. | -646.8 | - | 542.0 | -542.0 | - | 488.4 | -488.4 | ||
| ii) | Foreign Exchange | ||||||||||||||
| Reserves | - | 10637.4 | -10637.4 | - | 1787.1 | -1787.1 | 5900.5 | - | 5900.5 | - | 7843.6 | -7843.6 | |||
| ( Increase - / | |||||||||||||||
| Decrease +) | |||||||||||||||
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Note: With effect from 1996-97, private transfer receipts include redemption in rupees of both principal and interest under Non-Resident External (Rupee) Accounts [NRE(R)A] and Non-Resident Non-Repatriable Rupee Deposit [NR(NR)RD] schemes. This marks an improvement in data reporting.
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