(US $ million)

Items

1990-91PR

1996-97PR

1997-98PR

1998-99

Credit

Debit

Net

Credit

Debit

Net

Credit

Debit

Net

Credit

Debit

Net

1

2

3

4

5

6

7

8

9

10

11

12

13

A.

CURRENT ACCOUNT

I.

MERCHANDISE

18477

27915

-9438

34133

48948

-14815

35680

51187

-15507

34298

47544

-13246

II.

INVISIBLES (a+b+c)

7464

7706

-242

21405

11209

10196

23244

13237

10007

25770

16562

9208

a)

Services

4551

3571

980

7474

6748

726

9429

8110

1319

13186

11021

2165

i) Travel

1456

392

1064

2878

858

2020

2914

1437

1477

2993

1743

1250

ii) Transportation

983

1093

-110

1953

2394

-441

1836

2522

-686

1925

2680

-755

iii) Insurance

111

88

23

217

153

64

240

183

57

224

112

112

iv) G.n.i.e.

15

173

-158

72

178

-106

276

160

116

597

325

272

v) Miscellaneous

1986

1825

161

2354

3165

-811

4163

3808

355

7447

6161

1286

b)

Transfers

2545

15

2530

12858

81

12777

12254

45

12209

10649

62

10587

vi) Official

462

1

461

423

13

410

379

-

379

308

1

307

vii) Private

2083

14

2069

12435

68

12367

11875

45

11830

10341

61

10280

c)

Investment Income

368

4120

-3752

1073

4380

-3307

1561

5082

-3521

1935

5479

-3544

i) Investment Income

368

4120

-3752

1073

4380

-3307

1561

5020

-3459

1893

5462

-3569

ii) Compensation to Employees

-

-

-

-

-

-

-

62

-62

42

17

25

Total Current Account (I+II)

25941

35621

-9680

55538

60157

-4619

58924

64424

-5500

60068

64106

-4038

B.

CAPITAL ACCOUNT

1.

Foreign Investment (a+b)

113

10

103

7824

1861

5963

9266

3913

5353

5892

3580

2312

a)

In India

113

10

103

7816

1663

6153

9169

3779

5390

5743

3331

2412

i. Direct

107

10

97

2863

22

2841

3596

34

3562

2518

38

2480

ii. Portfolio

6

-

6

4953

1641

3312

5573

3745

1828

3225

3293

-68

b)

Abroad

-

-

-

8

198

-190

97

134

-37

149

249

-100

2.

Loans (a+b+c)

9432

3899

5533

17720

12925

4795

17301

12502

4799

14771

10353

4418

a)

External Assistance

3397

1193

2204

3056

1955

1101

2885

2000

885

2726

1927

799

i) By India

-

6

-6

-

8

-8

-

22

-22

-

21

-21

ii) To India

3397

1187

2210

3056

1947

1109

2885

1978

907

2726

1906

820

b)

Commercial Borrowings (MT & LT)

4282

2028

2254

7579

4723

2856

7382

3372

4010

7231

2864

4367

i) By India

30

24

6

8

-

8

11

-

11

5

-

5

ii) To India

4252

2004

2248

7571

4723

2848

7371

3372

3999

7226

2864

4362

c)

Short Term to India

1753

678

1075

7085

6247

838

7034

7130

-96

4814

5562

-748

3.

Banking Capital (a+b)

10106

9424

682

8018

5789

2229

8910

9803

-893

8197

6717

1480

a)

Commercial Banks

7960

7056

904

7632

5407

2225

8164

9424

-1260

6768

6434

334

i) Assets

425

789

-364

755

1625

-870

580

2775

-2195

1344

2741

-1397

ii) Liabilities

187

456

-269

102

357

-255

52

242

-190

124

135

-11

iii) Non-Resident Deposits

7348

5811

1537

6775

3425

3350

7532

6407

1125

5300

3558

1742

b)

Others

2146

2368

-222

386

382

4

746

379

367

1429

283

1146

4.

Rupee Debt Service

-

1193

-1193

-

727

-727

-

767

-767

-

802

-802

5.

Other Capital

3117

1186

1931

2629

2883

-254

3815

2463

1352

3958

2801

1157

Total Capital Account (1 to 5)

22768

15712

7056

36191

24185

12006

39292

29448

9844

32818

24253

8565

C.

Errors & Omissions

132

-

132

-

594

-594

167

-

167

-

305

-305

D.

Overall Balance

48841

51333

-2492

91729

84936

6793

98383

93872

4511

92886

88664

4222

(Total Capital Account,

Current Account and

Errors & Omissions (A+B+C) )

E.

Monetary Movements (i+ii)

3136

644

2492

-

6793

-6793

-

4511

-4511

-

4222

-4222

i) I.M.F.

1858

644

1214

-

975

-975

-

618

-618

-

393

-393

iii) Foreign Exchange Reserves

1278

-

1278

-

5818

-5818

-

3893

-3893

-

3829

-3829

(Increase - / Decrease +)

(US $ million)

Items

Oct. - Dec. 1998 PR

Jan. - Mar. 1999

Apr. - Jun. 1999 PR

Jul. - Sep. 1999

Credit

Debit

Net

Credit

Debit

Net

Credit

Debit

Net

Credit

Debit

Net

1

14

15

16

17

18

19

20

21

22

23

24

25

A.

CURRENT ACCOUNT

I.

MERCHANDISE

8236

11665

-3429

9547

11216

-1669

8148

12305

-4157

9660

13034

-3374

II.

INVISIBLES (a+b+c)

6001

3777

2224

7143

5168

1975

6343

4192

2151

6765

4843

1922

a)

Services

3019

2262

757

3889

3554

335

3076

2915

161

3191

3316

-125

i) Travel

821

373

448

867

404

463

671

556

115

662

520

142

ii) Transportation

369

723

-354

612

604

8

361

522

-161

475

716

-241

iii) Insurance

50

20

30

62

30

32

48

27

21

62

18

44

iv) G.n.i.e.

191

72

119

82

26

56

154

71

83

105

69

36

v) Miscellaneous

1588

1074

514

2266

2490

-224

1842

1739

103

1887

1993

-106

b)

Transfers

2525

16

2509

2739

9

2730

2808

7

2801

3095

11

3084

vi) Official

102

-

102

92

1

91

57

-

57

66

-

66

vii) Private

2423

16

2407

2647

8

2639

2751

7

2744

3029

11

3018

c)

Investment Income

457

1499

-1042

515

1605

-1090

459

1270

-811

479

1516

-1037

i) Investment Income

439

1494

-1055

500

1600

-1100

442

1267

-825

426

1510

-1084

ii) Compensation to Employees

18

5

13

15

5

10

17

3

14

53

6

47

Total Current Account (I+II)

14237

15442

-1205

16690

16384

306

14491

16497

-2006

16425

17877

-1452

B.

CAPITAL ACCOUNT

1.

Foreign Investment (a+b)

1470

1285

185

1804

545

1259

2004

664

1340

2915

1849

1066

a)

In India

1469

1253

216

1781

492

1289

1996

645

1351

2904

1806

1098

i. Direct

373

8

365

693

25

668

454

2

452

649

1

648

ii. Portfolio

1096

1245

-149

1088

467

621

1542

643

899

2255

1805

450

b)

Abroad

1

32

-31

23

53

-30

8

19

-11

11

43

-32

2.

Loans (a+b+c)

2273

2082

191

2761

1834

927

2628

2487

141

3283

3016

267

a)

External Assistance

854

562

292

953

385

568

440

459

-19

718

591

127

i) By India

-

4

-4

-

2

-2

-

2

-2

-

3

-3

ii) To India

854

558

296

953

383

570

440

457

-17

718

588

130

b)

Commercial Borrowings (MT & LT)

455

593

-138

949

772

177

627

631

-4

957

885

72

i) By India

5

-

5

-

-

-

6

-

6

-

-

-

ii) To India

450

593

-143

949

772

177

621

631

-10

957

885

72

c)

Short Term to India

964

927

37

859

677

182

1561

1397

164

1608

1540

68

3.

Banking Capital (a+b)

1773

1305

468

3357

1546

1811

3107

1852

1255

2256

2099

157

a)

Commercial Banks

1768

1253

515

2288

1468

820

2714

1849

865

2255

1896

359

i) Assets

448

709

-261

247

331

-84

708

404

304

558

573

-15

ii) Liabilities

21

10

11

43

70

-27

14

64

-50

58

5

53

iii) Non-Resident Deposits

1299

534

765

1998

1067

931

1992

1381

611

1639

1318

321

b)

Others

5

52

-47

1069

78

991

393

3

390

1

203

-202

4.

Rupee Debt Service

-

58

-58

-

156

-156

-

518

-518

-

3

-3

5.

Other Capital

1247

212

1035

718

1607

-889

1141

542

599

579

684

-105

Total Capital Account (1 to 5)

6763

4942

1821

8640

5688

2952

8880

6063

2817

9033

7651

1382

C.

Errors & Omissions

211

-

211

20

-

20

647

-

647

-

443

-443

D.

Overall Balance

21211

20384

827

25350

22072

3278

24018

22560

1458

25458

25971

-513

(Total Capital Account,

Current Account and

Errors & Omissions (A+B+C) )

E.

Monetary Movements (i+ii)

-

827

-827

-

3278

-3278

-

1458

-1458

591

78

513

i) I.M.F.

-

91

-91

-

103

-103

-

78

-78

-

78

-78

iii) Foreign Exchange Reserves

-

736

-736

-

3175

-3175

-

1380

-1380

591

-

591

(Increase - / Decrease +)

PR : Partially Revised