( US $ million)

Items

1990-91PR

1995-96PR

1996-97PR

1997-98

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

32311

43670

-11359

34133

48948

-14815

34849

51126

-16277

II.

INVISIBLES (a+b+c)

7464

7706

-242

17676

12216

5460

21530

11209

10321

23040

13236

9804

a)

Services

4551

3571

980

7357

7543

-186

7599

6748

851

9253

8110

1143

i)

Travel

1456

392

1064

2713

1167

1546

2878

858

2020

2914

1437

1477

ii)

Transportation

983

1093

-110

2011

2169

-158

1953

2394

-441

1796

2522

-726

iii)

Insurance

111

88

23

179

143

36

217

153

64

234

183

51

iv)

G.n.i.e.

15

173

-158

13

218

-205

72

178

-106

276

160

116

v)

Miscellaneous

1986

1825

161

2441

3846

-1405

2479

3165

-686

4033

3808

225

b)

Transfers

2545

15

2530

8890

39

8851

12858

81

12777

12226

45

12181

vi)

Official

462

1

461

351

6

345

423

13

410

351

-

351

vii)

Private

2083

14

2069

8539

33

8506

12435

68

12367

11875

45

11830

c)

Income

368

4120

-3752

1429

4634

-3205

1073

4380

-3307

1561

5081

-3520

of which:

Compensation

of employees

-

-

-

-

-

-

-

-

-

-

63

-63

Total Current Account

25941

35621

-9680

49987

55886

-5899

55663

60157

-4494

57889

64362

-6473

(I+II)

B.

CAPITAL ACCOUNT

1.

Foreign Investment

113

10

103

5632

1028

4604

7699

1861

5838

8906

3913

4993

(a+b)

a)

In India (i+ii)

113

10

103

5618

824

4794

7691

1663

6028

8809

3779

5030

i.

Direct

107

10

97

2162

29

2133

2738

22

2716

3236

34

3202

ii.

Portfolio

6

-

6

3456

795

2661

4953

1641

3312

5573

3745

1828

b)

Abroad

-

-

-

14

204

-190

8

198

-190

97

134

-37

2.

Loans

9431

3898

5533

11332

9131

2201

17720

12925

4795

17293

12502

4791

(a+b+c)

a)

External Assistance

3397

1193

2204

2933

2066

867

3056

1955

1101

2877

2000

877

i)

By India

-

6

-6

-

16

-16

-

8

-8

-

22

-22

ii)

To India

3397

1187

2210

2933

2050

883

3056

1947

1109

2877

1978

899

b)

Commercial Borrowings

4282

2028

2254

4262

2977

1285

7579

4723

2856

7382

3372

4010

(MT & LT)

i)

By India

30

24

6

10

-

10

8

-

8

11

-

11

ii)

To India

4252

2004

2248

4252

2977

1275

7571

4723

2848

7371

3372

3999

c)

Short Term

To India

1752

677

1075

4137

4088

49

7085

6247

838

7034

7130

-96

3.

Banking Capital

10105

9423

682

6453

5691

762

8018

5789

2229

8910

9803

-893

(a+b)

a)

Commercial Banks

7959

7055

904

6172

5235

937

7632

5407

2225

8164

9424

-1260

i)

Assets

426

789

-363

867

1251

-384

755

1625

-870

580

2775

-2195

ii)

Liabilities

186

455

-269

376

158

218

102

357

-255

52

242

-190

iii)

Non-Resident Deposits

7347

5811

1536

4929

3826

1103

6775

3425

3350

7532

6407

1125

b)

Others

2146

2368

-222

281

456

-175

386

382

4

746

379

367

4.

Rupee Debt Service

-

1193

-1193

-

952

-952

-

727

-727

-

767

-767

5.

Other Capital

3117

1186

1931

748

3285

-2537

2629

2883

-254

6263

2463

3800

Total Capital Account

22766

15710

7056

24165

20087

4078

36066

24185

11881

41372

29448

11924

(1 to 5)

C.

Errors & Omissions

132

-

132

600

-

600

-

594

-594

-

940

-940

D.

Overall Balance

48839

51331

-2492

74752

75973

-1221

91729

84936

6793

99261

94750

4511

(Total Capital Account,

Current Account and

Errors & Omissions (A+B+C)

E.

Monetary Movements

3136

644

2492

2936

1715

1221

-

6793

-6793

1571

6082

-4511

(i+ii)

i)

I.M.F.

1858

644

1214

-

1715

-1715

-

975

-975

-

618

-618

ii)

Foreign Exchange Reserves

1278

-

1278

2936

-

2936

-

5818

-5818

1571

5464

-3893

(Increase - / Decrease +)

( US $ million)

Items

October-December 1997

January-March 1998

April-June 1998

July-September 1998

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

8514

13300

-4786

8808

13341

-4533

7824

12474

-4650

8810

12238

-3428

II.

INVISIBLES (a+b+c)

5994

3188

2806

5307

3740

1567

6306

3669

2637

6167

3811

2356

a)

Services

2643

1854

789

2461

2157

304

3034

2754

280

3049

2585

464

i)

Travel

831

309

522

822

373

449

671

438

233

634

265

369

ii)

Transportation

346

554

-208

437

596

-159

447

741

-294

497

612

-115

iii)

Insurance

45

39

6

65

55

10

58

27

31

54

35

19

iv)

G.n.i.e.

65

23

42

109

48

61

100

147

-47

224

80

144

v)

Miscellaneous

1356

929

427

1028

1085

-57

1758

1401

357

1640

1593

47

b)

Transfers

2987

9

2978

2461

15

2446

2730

19

2711

2697

18

2679

vi)

Official

130

-

130

78

-

78

51

-

51

70

-

70

vii)

Private

2857

9

2848

2383

15

2368

2679

19

2660

2627

18

2609

c)

Income

364

1325

-961

385

1568

-1183

542

896

-354

421

1208

-787

employees

-

6

-6

-

33

-33

-

35

-35

9

3

6

Total Current Account

14508

16488

-1980

14115

17081

-2966

14130

16143

-2013

14977

16049

-1072

(I+II)

B.

CAPITAL ACCOUNT

1.

Foreign Investment (a+b)

2443

1229

1214

1856

1058

798

1264

764

501

1188

982

206

a)

In India (I+ii)

2419

1198

1221

1802

1027

775

1121

674

447

1178

907

271

i.

Direct

719

13

706

693

4

689

862

-

862

388

0

388

ii.

Portfolio

1700

1185

515

1109

1023

86

259

674

-415

790

907

-117

b)

Abroad

24

31

-7

54

31

23

143

89

54

10

75

-65

2.

Loans

4239

3587

652

3868

3549

319

2784

3080

-296

6864

3080

3784

(a+b+c)

a)

External Assistance

844

440

404

967

569

398

420

469

-48

410

511

-101

i)

By India

-

5

-5

-

2

-2

-

9

-9

-

6

-6

ii)

To India

844

435

409

967

567

400

420

460

-40

410

505

-95

b)

Commercial Borrowings

1678

1098

580

1350

1062

288

754

489

265

5073

733

4340

(M.Tech & LT)

i)

By India

1

-

1

-

-

-

-

-

-

-

-

-

ii)

To India

1677

1098

579

1350

1062

288

754

489

265

5073

733

4340

c)

Short Term

To India

1717

2049

-332

1551

1918

-367

1610

2122

-512

1381

1836

-455

3.

Banking Capital

1970

3397

-1427

2231

1361

870

1231

2128

-897

1289

1666

-377

(a+b)

a)

Commercial Banks

1710

3239

-1529

2193

1321

872

891

2127

-1236

1274

1514

-240

i)

Assets

58

1377

-1319

8

49

-41

5

1246

-1241

553

400

153

ii)

Liabilities

9

6

3

6

110

-104

4

41

-37

56

14

42

iii)

Non-Resident Deposits

1643

1856

-213

2179

1162

1017

882

840

42

665

1100

-435

b)

Others

260

158

102

38

40

-2

340

1

339

15

152

-137

4.

Rupee Debt Service

-

50

-50

-

82

-82

-

585

-585

-

3

-3

5.

Other Capital

1655

594

1061

3164

707

2457

1568

200

1368

338

859

-521

Total Capital Account

10307

8857

1450

11119

6756

4362

6847

6756

91

9679

6590

3089

(1 to 5)

C.

Errors & Omissions

-

897

-897

726

-

726

164

-

164

-

142

-142

D.

Overall Balance

24815

26242

-1427

25960

23838

2122

21141

22899

-1758

24656

22781

1875

(Total Capital Account,

Current Account and

Errors & Omissions (A+B+C)

E.

Monetary Movements

1571

144

1427

-

2122

-2122

1860

102

1758

-

1875

-1875

(I+ii)

i)

I.M.F.

-

144

-144

-

124

-124

-

102

-102

-

97

-97

ii)

Foreign Exchange Reserves

1571

-

1571

-