(US $ million)

Oct-Dec. 2002P

Jan-Mar 2003 P

Apr-Jun 2003P

Jul-Sep 2003P

Item

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

12990

17340

-4350

14075

17222

-3147

13543

19397

-5854

14563

20788

-6225

II.INVISIBLES (a+b+c)

11478

6213

5265

11245

6883

4362

10425

4888

5537

11957

5208

6749

a) Services

6875

4220

2655

6407

4732

1675

5322

2852

2470

6070

3218

2852

i) Travel

839

760

79

868

1076

-208

854

507

347

893

688

205

ii) Transportation

576

651

-75

590

546

44

610

549

61

691

538

153

iii) Insurance

83

109

-26

99

91

8

79

101

-22

90

116

-26

iv) G.n.i.e.

74

61

13

60

38

22

71

64

7

67

43

24

v) Miscellaneous

5303

2639

2664

4790

2981

1809

3708

1631

2077

4329

1833

2496

of which : Software Services

2596

181

2415

2622

191

2431

2862

176

2686

3001

77

2924

b) Transfers

4018

29

3989

4122

164

3958

4304

119

4185

4898

36

4862

i) Official

160

-

160

154

-

154

34

-

34

75

-

75

ii) Private

3858

29

3829

3968

164

3804

4270

119

4151

4823

36

4787

c) Income

585

1964

-1379

716

1987

-1271

799

1917

-1118

989

1954

-965

i) Investment Income

556

1958

-1402

692

1980

-1288

778

1910

-1132

973

1944

-971

ii) Compensation of Employees

29

6

23

24

7

17

21

7

14

16

10

6

Total Current Account

24468

23553

915

25320

24105

1215

23968

24285

-317

26520

25996

524

(I+II)

B. CAPITAL ACCOUNT

1. Foreign Investment

3582

2057

1525

3468

2032

1436

4620

2509

2111

6809

3733

3076

(a+b)

a) Foreign Direct Investment (i+ii)

1057

277

780

1101

258

843

937

202

735

1211

271

940

i. In India

1039

-

1039

1095

45

1050

871

-

871

1173

-

1173

Equity

511

-

511

609

45

564

348

-

348

638

-

638

Reinvested Earnings

374

-

374

375

-

375

365

-

365

373

-

373

Other Capital

154

-

154

111

-

111

158

-

158

162

-

162

ii. Abroad

18

277

-259

6

213

-207

66

202

-136

38

271

-233

Equity

18

118

-100

6

63

-57

66

64

2

38

130

-92

Reinvested Earnings

-

130

-130

-

130

-130

-

118

-118

-

121

-121

Other Capital

-

29

-29

-

20

-20

-

20

-20

-

20

-20

b) Portfolio Investment

2525

1780

745

2367

1774

593

3683

2307

1376

5598

3462

2136

In India

2525

1780

745

2367

1774

593

3683

2285

1398

5598

3462

2136

Abroad

-

-

-

-

-

-

-

22

-22

-

-

-

2.Loans

3159

3285

-126

4395

6701

-2306

5713

4910

803

5552

4667

885

(a+b+c)

a) External Assistance

774

637

137

868

3447

-2579

462

793

-331

589

459

130

i) By India

-

-

-

-

1

-1

-

5

-5

-

1

-1

ii) To India

774

637

137

868

3446

-2578

462

788

-326

589

458

131

b) Commercial Borrowings

679

981

-302

1001

1325

-324

930

699

231

853

1408

-555

(MT & LT)

i) By India

9

-

9

-

-

-

-

-

-

3

-

3

ii) To India

670

981

-311

1001

1325

-324

930

699

231

850

1408

-558

c) Short Term

To India

1706

1667

39

2526

1929

597

4321

3418

903

4110

2800

1310

3. Banking Capital

6765

2427

4338

3495

1875

1620

10798

8900

1898

4069

2908

1161

(a+b)

a) Commercial Banks

6764

2308

4456

3484

1875

1609

10588

8627

1961

4069

2623

1446

i) Assets

3593

103

3490

1161

154

1007

753

481

272

1187

812

375

ii) Liabilities

3171

2205

966

2323

1721

602

9835

8146

1689

2882

1811

1071

of which : Non-Resident Deposits

3071

2194

877

2270

1663

607

9676

7917

1759

2060

1791

269

b) Others

1

119

-118

11

-

11

210

273

-63

-

285

-285

4. Rupee Debt Service

-

-

-

-

116

-116

-

301

-301

-

2

-2

5. Other Capital

1242

778

464

1659

679

980

1352

456

896

2692

303

2389

Total Capital Account

14748

8547

6201

13017

11403

1614

22483

17076

5407

19122

11613

7509

(1 to 5)

C. Errors & Omissions

-

1036

-1036

1482

-

1482

80

-

80

327

-

327

D. Overall Balance

39216

33136

6080

39819

35508

4311

46531

41361

5170

45969

37609

8360

(Total Capital Account,

Current Account and

Errors & Omissions (A+B+C))

E. Monetary Movements

-

6080

-6080

-

4311

-4311

-

5170

-5170

-

8360

-8360

(i+ii)

i) I.M.F.

-

-

-

-

-

-

-

-

-

-

-

-

ii) Foreign Exchange Reserves

-

6080

-6080

-

4311

-4311

-

5170

-5170

-

8360

-8360

( Increase - / Decrease +)