RBI data News

In contrast, the share of other payment systems like RTGS, NEFT, IMPS, credit cards, debit cards, etc., in digital payments volume declined from 66 per cent to 17 per cent during the same period, the report states. 

The RBI closely monitors foreign exchange markets, intervening only to maintain orderly market conditions and curb excessive volatility in the Rupee exchange rate, without adhering to any fixed target level or range. 

According to the weekly RBI data, foreign currency assets (FCAs) grew by $5.10 billion to $604.1 billion. 

India's external debt stood at $663.8 billion, an increase of $39.7 billion over its level at end-March 2023.

In the preceding week that ended on March 15, the forex reserves had increased by a more robust $6.4 billion to scale a record high of $642.49 billion.

The total value of Rs 2,000 banknotes in circulation was Rs 3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of Rs 2,000 banknotes was announced.

India's current account deficit widens to $23.9 billion by 2.8% in April-June period. The RBI on Thursday released the preliminary data on India`s balance of payments (BoP) for Q1. Services exports grew y-o-y by 35.4%, led by broad-based growth in computer, business, etc.

Bank deposits stood at Rs 149.33 lakh crore, according to the RBI. In the previous week ended February 11, 2022, bank credit grew by 7.86 per cent.

The government had earlier announced infusion of Rs 65,000 crore in PSBs in 2018-19, of which Rs 23,000 crore has already been disbursed, while Rs 42,000 crore is remaining.

In the September quarter, bank credit had grown at 6.5% while in the June quarter, it was up by 8%.

In September 2016, India had exported services worth USD 13.77 billion. The import grew 1.7 percent from USD 8.30 billion last year.

The foreign currency assets (FCAs), a major component of the overall reserves, increased by USD 2.568 billion to USD 376.209 billion for the reporting week, according to data by the Reserve Bank of India (RBI).

The data is based on RBI's survey on foreign liabilities of 44 Indian mutual fund (MF) companies and their asset management companies (AMCs) during 2016-17.

Though there's no denying that credit growth continues to decline, the RBI data on sectoral credit growth shows only one side of the story as credit per se has been expanding through non-banking channels, primarily in the debt market, said a report.

Expressed in US dollar terms, FCAs include the effects of appreciation/depreciation of non-US currencies, such as the euro, pound and the yen, held in the reserves.  

According to the second edition of RBI's statistical publication titled 'Handbook of Statistics on States 2016-17', which was released on Saturday, the gap is projected to improve to Rs 4,49,520 crore as per the budget estimates of the states for fiscal 2017.

 Direct investments by Indian firms abroad rose by 60.8 percent to USD 2.30 billion in July 2016, according to RBI data.

Scheduled commercial banks' credit growth slowed to 8.6 percent in quarter ended June against the 12.9 percent in the same period last year, the RBI data showed.

Rural and semi-urban centres registered higher growth in credit, RBI said.

The country's foreign exchange reserves rose by USD 1.57 billion to USD 354.29 billion for the week ended June 12 on a surge in core currency assets, the Reserve Bank said on Friday.