CURRENT STATISTICS EPW Research Foundation

Wholesale Price Index Foreign Trade

The year-on-year (y-o-y) WPI inflation rate increased to 3.2% in August 2017
from 1.1% in August 2016 and 1.9% a month ago. The index for primary articles
decreased by 2.7% in August 2017 compared to 4.8% a year ago but inched up
from to 0.5% registered in July 2017. The index for food articles went up by 5.8%
in August 2017 compared to 4.9% in August 2016 and 2.5% a month ago. The
index for fuel and power rose by 10% in August 2017 against -7.4% a year ago. The
index for manufactured products increased by 2.5% in August 2017 compared to
0.9% in August 2016.
The merchandise trade deficit widened to $11.6 billion (bn) in August 2017
compared to $7.7 bn a year ago. Exports increased by 10.3% to $23.8 bn and imports
by 21.0% to $35.5 bn in August 2017 against $21.6 bn and $29.3 bn, respectively, in
August 2016. Oil imports were higher by 14.2% to $7.8 bn and non-oil imports by
23.1% to $27.7 bn in August 2017 compared to $6.8 bn and 22.5 bn, respectively, a
year ago. Cumulative exports rose by 8.6% to $118.6 bn and cumulative imports by
26.6% to $181.7 bn during April–August 2017–18 compared to $109.2 bn and $143.5
bn, respectively, recorded during the corresponding period last year.

Consumer Price Index Index of Industrial Production

CPI inflation rate rose to 3.4% in August 2017 from 2.4% in July 2017 but was
lower than 5.1% recorded a year ago. Consumer food price inflation increased
to 1.5% in August 2017 against -0.4% a month ago, however, lower than 5.9%
reported in August 2016. The CPI-rural and CPI-urban inflation rate rose to
3.3% in August 2017 compared to 2.4% and 2.2%, respectively, in July 2017, but
stood lower than 5.9% and 4.2%, a year ago. As per Labour Bureau data, the CPI
inflation rate of agricultural labourers and industrial workers decreased to 2.1%
and 2.5%, respectively, in August 2017 from 5.3% each a year ago.
The y-o-y growth rate of IIP slowed down to 1.2% in July 2017 from 4.5% a year ago.
The index of eight core industries was up by 4.9% in August 2017 compared to 3.1%
in August 2016. Growth in coal and natural gas production and electricity generation
increased to 15.3%, 4.2% and 10.3%, in August 2017 from -9.7%, -5.9% and 2.2%
in August 2016. Production of fertilisers, cement and crude oil registered a negative
growth of (-)0.7%, (-)1.3 % and (-)1.6%, against their respective growth of 2.5%,
3.1% and -3.9% in August 2016. Growth in steel production decelerated to 3.0% and
that in refinery products to 2.4% in August 2017 from 16.7% and 2.5%, a year ago.

Movement of WPI Sub-indices January 2016–August 2017 Merchandise Trade August 2017
Year-on-Year in % August 2017 Over Month Over Year April–August
($ bn) (%) (%) (2017–18 over 2016–17) (%)
27
Exports 23.8 5.7 10.3 8.6
Imports 35.5 4.3 21.0 26.6
18
Trade deficit 11.6 1.7 51.1 84.2
Primary Articles 10.0% Data is provisional. Source: Ministry of Commerce and Industry.
9
2.5%
Trade Deficits January 2016–August 2017
0 $ billion
2.7%
Manufactured Products Fuel and Power 3
-9
Oil Trade Deficit
0
-18 Non-oil Trade Deficit
Jan F M A M J J A S O N D Jan F M A M J J Aug* -3
2016 2017 -$4.4bn
* Data is provisional; Base: 2011–12=100
-6

Trends in WPI and Its Components August 2017* (%) -$7.3bn

-9
Financial Year (Averages) Total Trade Deficit
Weights Over Month Over Year 2014–15 2015–16 2016–17 -$11.6bn
-12
All commodities 100 0.8 3.2 1.3 -3.7 1.7
Primary articles 22.6 1.9 2.7 2.2 -0.4 3.4
-15
Food articles 15.3 2.2 5.8 5.6 2.6 4.0 Jan F M A M J J A S O N D Jan F M A M J Jul Aug
2016 2017
Fuel and power 13.2 0.9 10.0 -6.1 -19.7 -0.3 Oil refers to crude petroleum and petroleum products, while non-oil refers to all other commodities.
Manufactured products 64.2 0.2 2.5 2.6 -1.8 1.3
* Data is provisional; Base: 2011–12=100; Source: Ministry of Commerce and Industry.
Movement of Components of IIP Growth January 2016–July 2017
Year-on-Year in %
Movement of CPI Inflation January 2016–August 2017 16
Year-on-Year in % Mining
Electricity
8
Rural 8
6.5%
4.8%
6
0
0.1%
Urban Manufacturing
4
3.3% -8
Jan F M A M J J A S O N D Jan F M A M J July*
CPI (Combined) 2016 2017
2 * July 2017 are quick estimates; Base: 2011–12=100.
3.4%
3.4%
0
Growth in Eight Core Industries August 2017* (%)
Jan F M A M J J A S O N D Jan F M A M J J Aug* Financial Year (Avgs)
2016 2017 Weights Over Month Over Year
2015–16 2016–17
* August 2017 is provisional; Source: Central Statistics Office (CSO); Base: 2012=100.
General index # 100 -1.1 1.2 3.3 4.6
Infrastructure industries 40.27@ 2.9 4.9 3.0 4.8
Inflation in CPI and Its Components August 2017* (%) Coal 10.3 2.7 15.3 4.8 3.2
Latest Month Over Over Financial Year (Avgs)
Weights Index Month Year 2015–16 2016–17 Crude oil 9.0 -1.3 -1.6 -1.4 -2.5
CPI combined 100 135.5 1.0 3.4 4.9 4.5 Natural gas 6.9 -3.9 4.2 -4.7 -1.0
Consumer food 47.3 140.1 1.3 1.5 4.9 4.2 Petroleum refinery products 28.0 1.9 2.4 4.9 4.9
Miscellaneous 27.3 126.8 0.7 3.8 3.7 4.5 Fertilisers 2.6 6.3 -0.7 7.0 0.2
Steel 17.9 6.9 3.0 -1.3 10.7
CPI: Occupation-wise Cement 5.4 -3.1 -1.3 4.6 -1.2
Industrial workers (2001=100) 285.0 0.0 2.5 5.6 4.1
Electricity 19.9 4.3 10.3 5.7 5.8
Agricultural labourers (1986–87=100) 894.0 1.1 2.1 4.4 4.2 * Data is provisional; # July 2017; Base: 2011–12=100; @ The revised eight crore industries have a combined weight of
* Provisional; Source: CSO (rural and urban); Labour Bureau (IW and AL). 40.27% in the IIP. Source: CSO and Ministry of Commerce and Industry.
Comprehensive current economic statistics with regular weekly updates are available at: http://www.epwrf.in/currentstat.aspx.

80 october 14, 2017 vol LII no 41 EPW Economic & Political Weekly
 CURRENT STATISTICS EPW Research Foundation
India’s Quarterly Estimates of Final Expenditures on GDP
2015–16 2016–17 2017–18
` crore | at 2011–12 Prices Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Private final consumption expenditure 1453347 (2.0) 1484050 (3.9) 1602945 (5.9) 1722032 (12.1) 1575613 (8.4) 1601797 (7.9) 1780914 (11.1) 1848300 (7.3) 1680481 (6.7)
Government final consumption expenditure 286327 (0.1) 326759 (4.1) 267516 (5.1) 229123 (2.4) 333761 (16.6) 380561 (16.5) 323603 (21.0) 302161 (31.9) 391080 (17.2)
Gross fixed capital formation 849973 (4.7) 848892 (5.0) 881093 (7.0) 938488 (3.9) 912768 (7.4) 874494 (3.0) 895740 (1.7) 919040 (-2.1) 927506 (1.6)
Change in stocks 67160 (9.7) 68126 (12.3) 64908 (15.3) 74252 (41.4) 73118 (8.9) 72171 (5.9) 69029 (6.3) 76862 (3.5) 73979 (1.2)
Valuables 40244 (-13.6) 46978 (13.2) 44081 (9.1) 48972 (-11.0) 34687 (-13.8) 36783 (-21.7) 35273 (-20.0) 41958 (-14.3) 105716 (204.8)
Net trade (Export–import) -40536 -57914 -32963 -652 -25702 -23572 -22817 -10583 -101668
Exports 583423 (-6.1) 599072 (-4.4) 581297 (-8.7) 614896 (-1.6) 594947 (2.0) 608293 (1.5) 604510 (4.0) 678256 (10.3) 602159 (1.2)
Less imports 623959 (-5.8) 656986 (-3.7) 614260 (-10.0) 615548 (-3.7) 620649 (-0.5) 631865 (-3.8) 627327 (2.1) 688839 (11.9) 703827 (13.4)
Discrepancies 69359 53206 15159 30079 37601 36584 -40978 50689 33052
Gross domestic product (GDP) 2725873 (7.6) 2770097 (8.4) 2842737 (7.4) 3042294 (9.0) 2941846 (7.9) 2978817 (7.5) 3040763 (7.0) 3228427 (6.1) 3110145 (5.7)

India’s Overall Balance of Payments (Net): Quarterly

2015–16 ($ mn) 2016–17 ($ mn) 2017–18 ($ mn) 2015–16 (` bn) 2016–17 (` bn) 2017–18 (` bn)
Q1 Q1 Q2 Q3 Q4 Q1 Q1 Q1 Q2 Q3 Q4 Q1
Current account -6132 -401 -3467 -7976 -3452 -14341 -389 [-1.2] -27 [-0.1] -232 [-0.6] -538 [-1.4] -231 [-0.6] -924 [-2.4]
Merchandise -34175 -23835 -25612 -33273 -29722 -41222 -2169 -1594 -1715 -2243 -1992 -2657
Invisibles 28043 23434 22146 25297 26270 26881 1780 1568 1483 1706 1760 1733
Services 17751 15745 16295 17780 17636 18215 1127 1053 1091 1199 1182 1174
of which: Software services 17512 17573 17650 18002 16839 17304 1111 1175 1182 1214 1128 1115
Transfers 16153 14002 13902 13894 14186 14458 1025 937 931 937 951 932
of which: Private 16267 14161 14048 13996 14368 14603 1033 947 941 944 963 941
Income -5861 -6312 -8051 -6377 -5552 -5793 -372 -422 -539 -430 -372 -373
Capital account 18637 7181 12835 6073 10392 25383 1183 [3.7] 480 [1.4] 859 [2.3] 409 [1.1] 696 [1.7] 1636 [4.2]
of which: Foreign investment 10226 5985 23050 -1607 15796 19688 649 400 1543 -108 1059 1269
Overall balance 11430 6969 8512 -1242 7312 11405 725 [2.3] 466 [1.3] 570 [1.6] -84 [-0.2] 490 [1.2] 735 [1.9]
Figures in square brackets are percentage to GDP.

Foreign Exchange Reserves Variation

29 September 30 September 31 March Over Over Financial Year So Far Financial Year
Excluding gold but including revaluation effects 2017 2016 2017 Month Year 2016–17 2017–18 2012–13 2013–14 2014–15 2015–16 2016–17
` crore 2461200 2310700 2254320 61340 150500 81680 206880 82800 251570 322660 218620 25300
$ mn 376688 348198 347765 1541 28490 10593 28923 -485 16769 40486 16297 10160

Monetary Aggregates Variation

Outstanding Over Month Over Year Financial Year So Far Financial Year
` crore 2017 2016–17 2017–18 2014–15 2015–16 2016–17
Money supply (M3) as on 15 September 12974900 48480 (0.4) 822930 (6.8) 534360 (4.6) 130520 (1.0) 1032788 (10.9) 1067442 (10.1) 1226770 (10.6)
Components
Currency with public 1504330 15170 (1.0) -184360 (-10.9) 91440 (5.7) 240620 (19.0) 140362 (11.3) 211068 (15.2) -333540 (-20.9)
Demand deposits 1238330 11650 (0.9) 200850 (19.4) 47650 (4.8) -172300 (-12.2) 79652 (9.8) 98198 (11.0) 420800 (42.5)
Time deposits 10213670 23580 (0.2) 802270 (8.5) 396330 (4.4) 64720 (0.6) 800144 (10.7) 757306 (9.2) 1133880 (12.6)
Other deposits with RBI 18570 -1910 (-9.3) 4170 (29.0) -1050 (-6.8) -2520 (-11.9) 12620 (640.6) 860 (5.9) 5640 (36.5)
Sources
Net bank credit to government 4102890 -64530 (-1.5) 474290 (13.1) 390120 (12.0) 233800 (6.0) -37476 (-1.2) 231086 (7.7) 630610 (19.5)
Bank credit to commercial sector 8348940 76170 (0.9) 502730 (6.4) 43140 (0.6) -102490 (-1.2) 604434 (9.4) 753346 (10.7) 648360 (8.3)
Net foreign exchange assets 2738900 57060 (2.1) 126450 (4.8) 78730 (3.1) 180670 (7.1) 326709 (17.0) 283071 (12.6) 24510 (1.0)
Banking sector’s net non-monetary liabilities 2241140 20210 (0.9) 282890 (14.4) -21310 (-1.1) 181680 (8.8) -137041 (-7.2) 202531 (11.4) 79900 (4.0)
Reserve Money as on 29 September 2017 2098730 53770 (2.6) -87610 (-4.0) 5600 (0.3) 198240 (10.4) 195710 (11.3) 252280 (13.1) -280250 (-12.9)
Components
Currency in circulation 1588570 23620 (1.5) -139310 (-8.1) 64410 (3.9) 253300 (19.0) 147250 (11.3) 215150 (14.9) -328200 (-19.7)
Bankers’ deposits with RBI 484480 23400 (5.1) 44620 (10.1) -61970 (-12.3) -59650 (-11.0) 35860 (8.3) 36270 (7.8) 42300 (8.4)
Other deposits with RBI 25690 6760 (35.7) 7090 (38.1) 3150 (20.4) 4600 (21.8) 12630 (644.4) 860 (5.9) 5640 (36.5)
Sources
Net RBI credit to Government 542890 -99200 (-15.4) -156760 (-22.4) 274650 (64.6) -77920 (-12.6) -334180 (-47.8) 60480 (16.6) 195810 (46.1)
of which: Centre 541300 -99380 (-15.5) -155180 (-22.3) 271920 (64.0) -78290 (-12.6) -336610 (-48.2) 63520 (17.6) 195030 (45.9)
RBI credit to banks & commercial sector -171780 145800 (-45.9) -92970 (118.0) -383350 (-125.9) 137500 (-44.5) 145020 (252.3) 102040 (0.0) -613820 (0.0)
Net foreign exchange assets of RBI 2607830 61630 (2.4) 136920 (5.5) 87440 (3.7) 210620 (8.8) 324760 (18.0) 256190 (12.0) 13740 (0.6)
Govt’s currency liabilities to the public 25310 0 (0.0) 2040 (8.8) 1370 (6.3) 230 (0.9) 2090 (12.1) 2470 (12.7) 3180 (14.5)
Net non-monetary liabilities of RBI 905540 54480 (6.4) -23160 (-2.5) -25480 (-2.7) 72190 (8.7) -58040 (-6.9) 168900 (21.5) -120830 (-12.7)

Scheduled Commercial Banks’ Indicators ( ` crore) Variation

Outstanding Over Month Over Year Financial Year So Far Financial Year
(As on 15 September 2017) 2017 2016–17 2017–18 2014–15 2015–16 2016–17
Aggregate deposits 10707370 34700 (0.3) 969100 (10.0) 410980 (4.4) -50290 (-0.5) 827730 (10.7) 794000 (9.3) 1430370 (15.3)
Demand 1124850 12030 (1.1) 192980 (20.7) 42870 (4.8) -156590 (-12.2) 80110 (11.2) 94970 (12.0) 392440 (44.1)
Time 9582510 22660 (0.2) 776110 (8.8) 368110 (4.4) 106300 (1.1) 747610 (10.7) 699040 (9.0) 1037920 (12.3)
Cash in hand 69050 -2700 (-3.8) 6700 (10.7) 4920 (8.6) 7690 (12.5) 7490 (16.3) 4070 (7.6) 3930 (6.8)
Balance with RBI 462620 21640 (4.9) 69970 (17.8) 5210 (1.3) -46160 (-9.1) 56730 (17.9) 14370 (3.9) 121340 (31.3)
Investments 3334900 21810 (0.7) 509240 (18.0) 200150 (7.6) 303940 (10.0) 279010 (12.6) 133680 (5.4) 405450 (15.4)
of which: Government securities 3333110 21740 (0.7) 509150 (18.0) 200020 (7.6) 303360 (10.0) 278560 (12.6) 134190 (5.4) 405810 (15.5)
Bank credit 7781330 77110 (1.0) 498710 (6.8) 33010 (0.5) -60140 (-0.8) 542320 (9.0) 713190 (10.9) 591860 (8.2)
of which: Non-food credit 7727950 78070 (1.0) 541320 (7.5) 42270 (0.6) -59590 (-0.8) 546350 (9.3) 702360 (10.9) 643180 (9.0)

Capital Markets 29 September Month Year Financial Year So Far 2016–17 End of Financial Year
2017 Ago Ago Trough Peak Trough Peak 2014–15 2015–16 2016–17
S&P BSE SENSEX (Base: 1978–79=100) 31814 (13.2) 31662 28106 (4.4) 29319 32575 24674 29649 27957 (24.9) 25342 (-9.4) 29621 (16.9)
S&P BSE-100 (Base: 1983–84=100) 10383 (15.4) 10331 9001 (8.6) 9439 10580 7656 9494 8607 (28.3) 7835 (-9.0) 9494 (21.2)
S&P BSE-200 (1989–90=100) 4370 (15.5) 4348 3785 (10.0) 3983 4457 3193 3992 3538 (31.9) 3259 (-7.9) 3992 (22.5)
CNX Nifty (Base: 3 Nov 1995=1000) 9980 (14.6) 9916 8710 (6.8) 9104 10153 7546 9174 8491 (26.7) 7738 (-8.9) 9174 (18.5)
Net FII Investment in equities ($ Million)* 173670 (0.2) 175292 173274 (4.4) - - - - 168116 (12.3) 166107 (-1.2) 174637 (5.1)
* = Cumulative total since November 1992 until period end | Figures in brackets are percentage variations over the specified or over the comparable period of the previous year | (-) = not relevant | - = not available | NS = new series | PE = provisional estimates
Comprehensive current economic statistics with regular weekly updates are available at: http://www.epwrf.in/currentstat.aspx.

Economic & Political Weekly EPW october 14, 2017 vol LII no 41 81
 Secondary Market Transactions in Government Securities, Forex Market and Money Market—September 2017
82

CURRENT STATISTICS
1 Settlement Volume of Government Securities Transactions 2 Netting Factor 3 Instrument-wise Break-up of Securities Transactions (` Cr)
Settlement Outright Repo Daily Average (Outright) Daily Average (Repo) a Securities b Funds a Outright Trades b Repo
Period Number Volume Number Volume Number Volume Number Volume Gross Net Netting Gross Net Netting Central Govt Treasury State Central Govt Treasury State
of Trades (` Cr) of Trades (` Cr) of Trades (` Cr) of Trades (` Cr) (` Cr) (` Cr) Factor (%) (` Cr) (` Cr) Factor (%) Dated Bills Govt Dated Bills Govt
September 2017 82276 1109806 17797 2291542 3918 52848 809 104161 3401349 1359612 60.03 3501840 567525 83.79 920834 112996 75977 784840 285605 95605
September 2016 121160 1591699 13923 2229723 6058 79585 633 101351 3821422 1437215 62.39 4013979 591154 85.27 1423018 102166 66514 980902 89074 54190
2017–18* 498488 6541351 97267 12678316 4086 53618 726 94614 19219668 7867398 59.07 19812172 3310447 83.29 5562997 633065 345290 4470693 1429292 423092
2016–17* 719684 8846301 84059 11555312 5948 73110 627 86234 20566333 7527079 63.40 21258004 2873712 86.48 8033169 512534 300597 4745288 763293 298757
4 Tenor-wise Settlement Volume of Central 5 Deal Size Analysis (%) 6 Market Share of Top ‘n’ Securities (%)
Government Dated Securities Settlement Period < 5 Cr 5 Cr > 5 Cr <=10 Cr >10 Cr<=20 Cr > 20 Cr Period Sept 2017 Sept 2016 2017–18* 2016–17*
Year September 2017 2017–18* 2016–17* % to Total % to Total % to Total % to Total % to Total % to Total % to Total % to Total % to Total % to Total Top 5 78.79 74.61 69.88 70.41
2017 0 4718 (0.08) 91945 (1.15) Trades Value Trades Value Trades Value Trades Value Trades Value
Top 10 85.77 90.08 79.00 86.03
2018 2561 21970 (0.39) 66651 (0.83) September 2017 3.02 0.34 54.55 20.22 20.46 15.13 7.36 9.32 14.61 54.99 Top 15 89.41 93.21 84.04 90.69
2019 4701 33010 (0.59) 144363 (1.80) 2017–18* 3.55 0.42 54.16 20.64 21.42 16.29 7.28 9.46 13.58 53.20 Top 20 92.29 95.26 87.98 93.18
2020 29058 196346 (3.53) 614901 (7.68)
2021 7649 64389 (1.16) 150246 (1.88) 7 Intercategory Member Turnover Activity for All Category 8 Market Share of Top Five Members
2022 20849 200649 (3.61) 90125 (1.13) Buy Sell (Category-wise) (%)
Category Outright Reverse Repo CBLO Lending Uncollateralised Forex Outright Repo CBLO Borrowing Uncollateralised Forex Categories Sept 2017 Sept 2016 2017–18*
2023 38146 213089 (3.83) 668490 (8.35) (Funds Lending) Money Market Money Market
2024 23385 177512 (3.19) 267075 (3.34) Lending@ Borrowing@
Cooperative Banks 57.53 54.58 55.52
2025 28889 169234 (3.04) 418977 (5.23) Foreign Banks 82.89 83.90 80.91
Cooperative Banks 2.97 0.52 2.88 40.44 0.20 2.70 1.21 1.40 0.94 0.19
2026 19809 850857 (15.29) 2125841 (26.55) Public Sector Banks 63.96 44.46 61.22
Financial Institutions 0.14 0.65 0.23 - 0.00 0.23 0.53 11.54 - 0.00
2027 368869 1342408 (24.13) 45704 (0.57) Private Sector Banks 75.86 77.99 78.39
Foreign Banks 20.23 41.49 3.84 6.73 41.21 22.15 10.06 2.21 10.76 41.22
2028 6812 48935 (0.88) 31061 (0.39) Mutual Funds 53.85 60.22 54.66
Insurance Companies 2.63 3.23 11.91 - - 2.16 0.00 0.01 - -
2029 255385 1712611 (30.79) 1399619 (17.48) Primary Dealers 92.59 94.27 91.82
Mutual Funds 10.62 25.81 61.40 - - 10.95 0.09 20.70 - -
2030 10371 232510 (4.18) 1690990 (21.12) 9 Market Share of Top ‘n’ Members (%)
Others 2.28 0.00 11.04 - - 1.68 5.48 6.91 - -
2031 70743 70743 (1.27) 0 (0.00) Period Sept 2017 Sept 2016 2017–18* 2016–17*
Primary Dealers 15.43 3.69 0.03 0.00 - 17.08 29.18 3.75 29.77 -
2032 7210 28262 (0.51) 19650 (0.25) Top 5 29.06 29.92 28.81 31.55
Private Sector Banks 18.33 15.12 2.70 24.39 27.70 17.83 29.70 18.82 29.59 27.62
2033 11357 61528 (1.11) 13740 (0.17) Top 10 46.71 43.29 45.72 46.62
Public Sector Banks 27.37 9.49 5.97 28.43 30.89 25.22 23.75 34.66 28.94 30.96 Top 15 56.16 52.87 55.89 56.16
2034 6611 43488 (0.78) 46277 (0.58)
2035 813 8159 (0.15) 8324 (0.10) Total 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 Top 20 63.69 60.56 63.43 63.49
2036 55 4731 (0.09) 8839 (0.11)
10 Trading Platform Analysis of Outright Trades 12 Settlement Volume of Collateralised Borrowing and Lending Obligations (CBLO)
2037 0 0 (0.00) 0 (0.00)
Period OTC NDS-OM Period Overnight Term Total
2038 0 0 (0.00) 0 (0.00) Trades % Share Value (` Cr) % Share Trades % Share Value (` Cr) % Share Number Volume Number Volume Number Volume
2039 80 2702 (0.05) 4795 (0.06) September 2017 5847 6.98 275919 24.22 77941 93.02 863086 75.78 of Trades (` Crore) of Trades (` Crore) of Trades (` Crore)
2040 1254 3704 (0.07) 6527 (0.08) September 2017 15538 2219907 1377 157895 16915 2377802
September 2016 8070 6.68 238399 15.12 112656 93.32 1338105 84.88
2041 195 4400 (0.08) 4913 (0.06) 2017–18* 88055 11941849 10802 1369349 98857 13311198
2017–18* 38766 7.77 1696734 25.87 460371 92.23 4862030 74.13
OCTOBER 14, 2017

2042 652 7740 (0.14) 6291 (0.08)

2043 271 2366 (0.04) 8393 (0.10)
11 Type-wise Settlement Volume of Government Securities Transactions (` crore) 13 Top 5 Securities—Basket Repo 14 Top 5 Securities—Special Repo
2044 2029 17964 (0.32) 30910 (0.39) Period Outright Repo
Security Trades Value Rate Security Trades Value Rate
2045 732 6284 (0.11) 34610 (0.43) Proprietary Constituent Proprietary Constituent 7.80% G.S. 2020 194 62862 5.91 6.79% GS 2027 808 81024 5.33
2046 1017 13775 (0.25) 0 (0.00) Trades Volume Trades Volume Trades Volume Trades Volume 8.20% G.S. 2022 87 34142 5.92 6.79% GS 2029 620 67755 5.72
2051 956 17984 (0.32) 0 (0.00) September 2017 71584 954299 10692 155508 8713 1110915 287 55135 08/03/2018 182 DTB 82 29320 5.93 6.97% GS 2026 295 34245 5.86
2055 375 928 (0.02) 6508 (0.08) September 2016 106321 1408321 14839 183378 6724 1073108 283 51057 09/11/2017 364DTB 65 28914 5.92 7.68% GS 2023 382 33193 5.79
Total 920834 5562996 (100) 8005765 (100) 2017–18* 425276 5574727 73212 966625 46988 5988485 1699 334591 6.35% G.S 2020 93 24149 5.94 7.28% GS 2019 108 15576 5.91
vol LII no 41

15 Forex Settlement
Settlement Period Cash Tom Spot Forward Total Average Netting Factor: Forex 16 Category-wise Forex Activity—Deal Type
Trades Value Trades Value Trades Value Trades Value Trades Value Trades Value Gross Net Netting Category Cash Tom Spot Forward
(` Cr) ($ Mn) (` Cr) ($ Mn) (` Cr) ($ Mn) (` Cr) ($ Mn) (` Cr) ($ Mn) (` Cr) ($ Mn) ($ Mn) ($ Mn) Factor (%)
Foreign Banks 39.08 43.62 40.12 44.09
September 2017 2508 478868 74256 4036 669758 103850 172547 1836406 285058 7006 512199 77515 186097 3497231 540679 9305 174862 27034 540679 21093 96.10 Public Sector Banks 26.24 25.07 34.10 31.59
2017–18* 15081 2866617 445290 23886 3867207 600633 928373 9689758 1504612 47822 3538224 527252 1015162 19961806 3077787 8531 167746 25864 3077787 127100 95.87 Private Sector Banks 34.59 31.25 25.48 24.25

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EPW

17 Forex Deal Size Analysis (%) Cooperative Banks 0.08 0.07 0.30 0.07
Settlement Period < 1 mn 1 mn > 1 mn <= 5 mn > 5 mn <= 10 mn > 10 mn <= 20 mn > 20 mn Financial Institutions 0.02 0.00 0.00 0.00
% to Total Trades % to Total Value % to Total Trades % to Total Value % to Total Trades % to Total Value % to Total Trades % to Total Value % to Total Trades % to Total Value % to Total Trades % to Total Value
Economic & Political Weekly

September 2017 29.71 4.63 47.63 16.39 12.13 9.88 0.45 1.12 0.68 3.43 9.40 64.54
2017–18* 32.44 4.88 43.95 14.50 11.77 9.20 0.49 1.16 0.76 3.68 10.60 66.59
20 Forex Trading Platform: FX Clear
(Amount in $)
18 Market Share—Forex (%) 19 Tenor-wise Forward Trade Analysis (%) Period Spot Daily Average
Period September 2017 September 2016 2017–18* 2016–17* Settlement Period < 30 Days > 30 Days & <= 90 Days > 90 Days & <= 180 Days > 180 Days & <= 365 Days > 1 Year Trades Value Trades Value

Top 5 34.13 31.70 33.54 29.72

% to Total % to Total % to Total % to Total % to Total % to Total % to Total % to Total 2615
% to Total % to Total September 2017 54918 36900 1757
Trades Value Trades Value Trades Value Trades Value Trades Value
Top 10 56.11 52.59 55.90 50.08 1964 September 2016 39271 22476 1124
September 2017 17.88 31.86 19.67 24.05 17.39 14.69 42.68 26.95 2.38 2.45
Top 15 69.31 67.99 70.04 64.62 September 2016 18.34 32.06 20.67 24.07 17.54 14.25 38.12 25.50 5.34 4.11 2637 2017–18* 321683 208707 1711
Top 20 79.00 77.31 79.64 74.34 2017–18* 14.37 25.08 21.50 25.03 20.03 17.74 40.69 29.48 3.40 2.67 1916 2016–17* 231874 126272 1044
* Data pertains to April–September. @: Call and Term Money Segment. (i) Figures in brackets are percentage to total, (ii) Tables 1 to 11 relate to Government Securities Market, (iii) Tables 12 to 14 relate to Money Market, and (iv) Tables 15 to 20 relate to Forex Market. Source: Clearing Corporation of India Limited (CCIL).