(US $ million)

Items

April-June 1996 PR

July-Sept.1996 PR

Oct.-Dec.1996 PR

Jan-March 1997 PR

Credit

Debit

Net

Credit

Debit

Net

Credit

Debit

Net

Credit

Debit

Net

1

74

75

76

77

78

79

80

81

82

83

84

85

A.

CURRENT ACCOUNT

I.

MERCHANDISE

8452

12451

-3999

8196

11691

-3495

8150

12148

-3998

9335

12658

-3323

II.

INVISIBLES (a+b+c)

4507

2760

1747

5026

2554

2472

5324

2608

2716

6548

3287

3261

a)

Services

1587

1909

-322

1902

1417

485

1919

1523

396

2066

1899

167

i) Travel

580

193

387

610

193

417

891

195

696

797

277

520

ii) Transportation

424

656

-232

492

508

-16

472

594

-122

565

636

-71

iii) Insurance

63

36

27

49

33

16

48

33

15

57

51

6

iv) G.n.i.e.

25

43

-18

15

42

-27

14

39

-25

18

54

-36

v) Miscellaneous

495

981

-486

736

641

95

494

662

-168

629

881

-252

b)

Transfers

2702

17

2685

2807

14

2793

3141

17

3124

4208

33

4175

i) Official

61

4

57

69

0

69

121

5

116

172

4

168

ii) Private

2641

13

2628

2738

14

2724

3020

12

3008

4036

29

4007

c)

Income

218

834

-616

317

1123

-806

264

1068

-804

274

1355

-1081

Total Current Account

12959

15211

-2252

13222

14245

-1023

13474

14756

-1282

15883

15945

-62

(I+II)

B.

CAPITAL ACCOUNT

1.

Foreign Investment

1789

262

1527

1917

546

1371

1920

473

1447

2199

580

1619

(a+b)

a)

In India

1788

215

1573

1915

499

1416

1918

425

1493

2196

524

1672

i) Direct

597

2

595

548

10

538

836

5

831

883

5

878

ii) Portfolio

1191

213

978

1367

489

878

1082

420

662

1313

519

794

b)

Abroad

1

47

-46

2

47

-45

2

48

-45

3

56

-53

2.

Loans

3872

2270

1602

4093

2771

1322

4206

2788

1418

5549

5096

453

(a+b+c)

a)

External Assistance

399

654

-255

611

311

300

848

489

359

1198

501

697

i) By India

0

1

-1

0

1

-1

0

1

-1

0

5

-5

ii) To India

399

653

-254

611

310

301

848

488

361

1198

496

702

b)

Commercial Borrowings

2076

513

1563

1743

704

1039

1697

682

1015

2063

2824

-761

(MT & LT)

i) By India

0

0

0

0

0

0

5

0

5

3

0

3

ii) To India

2076

513

1563

1743

704

1039

1692

682

1010

2060

2824

-764

c)

Short Term

To India

1397

1103

294

1739

1756

-17

1661

1617

44

2288

1771

517

3.

Banking Capital

2787

1812

975

1559

1720

-161

1502

1119

383

2170

1138

1032

(a+b)

a)

Commercial Banks

2415

1786

629

1554

1578

-24

1502

958

544

2161

1085

1076

i) Assets

478

651

-173

86

687

-601

65

160

-95

126

127

-1

ii) Liabilities

48

119

-71

4

158

-154

9

45

-36

41

35

6

iii) Non-Resident Deposits

1889

1016

873

1464

733

731

1428

753

675

1994

923

1071

b)

Others

372

26

346

5

142

-137

0

161

-161

9

53

-44

4.

Rupee Debt Service

0

600

-600

0

8

-8

0

0

0

0

119

-119

5.

Other Capital

51

455

-404

796

490

306

1068

1026

42

714

912

-198

Total Capital Account

8499

5399

3100

8365

5535

2830

8696

5406

3290

10632

7845

2787

(1 to 5)

C.

Errors & Omissions

58

-

58

-

596

-596

-

318

-318

261

261

D.

Overall Balance

21516

20610

906

21587

20376

1211

22170

20480

1690

23776

23790

2986

(A+B+C)

E.

Monetary Movements

0

906

-906

0

1211

-1211

0

1690

-1690

0

2986

-2986

(i+ii)

i)

I.M.F.

0

267

-267

0

319

-319

0

193

-193

0

196

-196

ii)

Foreign Exchange Reserves

-

639

-639

-

892

-892

-

1497

-1497

-

2790

    -2790

(Increase - / Decrease +)

 (US $ million)

Items

April-June 1997 PR

July-Sept.1997 PR

Oct.-Dec.1997 PR

Jan-March 1998 PR

Credit

Debit

Net

Credit

Debit

Net

Credit

Debit

Net

Credit

Debit

Net

1

86

87

88

89

90

91

92

93

94

95

96

97

A.

CURRENT ACCOUNT

I.

MERCHANDISE

8675

12803

-4128

8990

11682

-2692

8696

13300

-4604

9319

13402

-4083

II.

INVISIBLES (a+b+c)

5674

2908

2766

6271

3400

2871

6034

3188

2846

5265

3741

1524

a)

Services

2219

2045

174

2137

2054

83

2683

1854

829

2390

2157

233

i) Travel

635

342

293

626

413

213

831

309

522

822

373

449

ii) Transportation

503

696

-193

519

676

-157

355

554

-199

459

596

-137

iii) Insurance

59

30

29

67

59

8

46

39

7

68

55

13

iv) G.n.i.e.

26

56

-30

76

33

43

65

23

42

109

48

61

v) Miscellaneous

996

921

75

849

873

-24

1386

929

457

932

1085

-153

b)

Transfers

3063

8

3055

3714

13

3701

2987

9

2978

2490

15

2475

i) Official

74

0

74

68

0

68

130

0

130

107

0

107

ii) Private

2989

8

2981

3646

13

3633

2857

9

2848

2383

15

2368

c)

Income

392

855

-463

420

1333

-913

364

1325

-961

385

1568

-1183

i)

Investment Income

392

849

-457

420

1316

-896

364

1319

-955

385

1536

-1151

ii)

Compensation of employees

0

6

-6

0

17

-17

0

6

-6

0

0

0

Total Current Account

14349

15711

-1362

15261

15082

179

14730

16488

-1758

14584

17143

-2559

(I+II)

B.

CAPITAL ACCOUNT

1.

Foreign Investment

2628

752

1876

2131

874

1257

2519

1229

1290

1988

1058

930

(a+b)

a)

In India

2615

716

1899

2125

838

1287

2495

1198

1297

1934

1027

907

i) Direct

1179

15

1164

797

2

795

795

13

782

825

4

821

ii) Portfolio

1436

701

735

1328

836

492

1700

1185

515

1109

1023

86

b)

Abroad

13

36

-23

6

36

-30

24

31

-7

54

31

23

2.

Loans

4183

2187

1996

5003

3179

1824

4239

3587

652

3876

3549

327

(a+b+c)

a)

External Assistance

434

483

-49

632

508

124

844

440

404

975

569

406

i) By India

0

6

-6

0

9

-9

0

5

-5

0

2

-2

ii) To India

434

477

-43

632

499

133

844

435

409

975

567

408

b)

Commercial Borrowings

1826

361

1465

2528

851

1677

1678

1098

580

1350

1062

288

(MT & LT)

i) By India

3

0

3

7

0

7

1

0

1

0

0

0

ii) To India

1823

361

1462

2521

851

1670

1677

1098

579

1350

1062

288

c)

Short Term

To India

1923

1343

580

1843

1820

23

1717

2049

-332

1551

1918

-367

3.

Banking Capital

3095

2001

1094

1614

3044