2. Table of Contents
Contents Page
1. Important Rates to Remember ………… 3
2. Indian Economy — Growth Indicators ………… 4
3. Indian Economy — Price Indicators ………… 6
4. Indian Economy — Banking Indicators ………… 7
5. Indian Economy — Exchange Rates ………… 9
6. Indian Economy — Interest Rates ………… 11
7. Indian Economy — Stock Markets ………… 14
8. Indian Economy — Capital Flows ………… 17
9. Indian Economy — Commodity Markets ………… 20
10. Global Economy — Economic Indicators ………… 22
11. Global Economy — Stock Indices ………… 23
12. Global Economy — Commodity Indices 24
Special Feature —
RBI's Review of Monetary Policy for Q2 of 2011-12 25
www.ecofin-surge.co.in
E-UpDates November 2011 2 Surge Research Support
3. GDP IIP*
2010-11 8.50% Aug-11 4.10%
2009-10 8.00% Aug-10 4.50%
As on 31-Oct-11 30-Oct-10 As on 31-Oct-11 30-Oct-10
Bank rate 6.00% 6.00% CRR 6.00% 6.00%
Repo rate 8.50% 6.00% Base Rate 10.00-10.75% 7.50-8.00%
Reverse repo 7.50% 5.00% CMR 6.90-8.62% 4.75-8.00%
Inflation (WPI) Oil Price (World Average)
Sep-11 9.72% Oct-11 106.04
Sep-10 8.98% Oct-10 79.32
Spot Price FOB $ per barrel
$/Rupee Rate Purchasing Managers Index October
31-Oct-11 48.87 HSBC Markit Mnfg. PMI 52.0
29-Oct-10 44.54 HSBC Markit Services PMI 49.1
RBI Reference rate
*New Series with Base : 2004-05=100.
For Global rates visit: http://www.ecofin-surge.co.in/global%20statistics.html
For explanations visit http://www.ecofin-surge.co.in/terminology.html
E-UpDates November 2011 3 Surge Research Support
4. Growth Indicators
GDP Growth Rates Q1 Q2 Q3 Q4 FY
2011-12 7.7* 7.7*
2010-11 8.8* 8.9 8.3 7.8 8.5
GDP[at Constant(2004-05) prices] Q1 Rs.Crore YoY Growth Q1 Rs.Crore YoY Growth
2010-11* (Share in 2011-12* (Share in
GDP) GDP)
(%) (%)
1 Agriculture, Forestry &
Fishing 160,771 2.4 167,091 3.9
2 Mining & Quarrying 26,354 7.4 26,832 1.8
3 Manufacturing
183,488 10.6 196,699 7.2
4 Electricity, Gas & Water
Supply. 23,204 5.5 25,042 7.9
5 Construction
93,514 7.7 94,639 1.2
6 Trade, Hotels, Transport
and Communication 299,600 12.1 337,872 12.8
7 Financing, Insurance,
Real Estate & Business
Services. 205,870 9.8 224,574 9.1
8 Community, Social &
Personal Services. 145,485 8.2 153,589 5.6
9 GDP at factor cost
(1 to 8) 1,138,286 8.8 1,226,339 7.7
10 Private final consumption
expenditure
748,395 9.5 (61.7) 795,683 6.3 (60.5)
11 Government final
consumption expenditure
134,161 6.7 (11.1) 136,935 2.1 (10.4)
12 Gross fixed capital
formation 380,544 11.1 (31.4) 410,533 7.9 (31.2)
13 Changes in stocks 43,788 (3.6) 45,852 (3.5)
14 Valuables 29,240 (2.4) 40,723 (3.1)
15 Exports
257,587 9.8 (21.2) 320,247 24.3 (24.3)
16 Less Imports 351,037 15.2 (28.9) 433,824 23.6 (33.0)
17 Discrepancies -30,058 (-2.5) -755 (-0.1)
18 GDP at market price
(10 to 17) 1,212,620 9.1 (100) 1,315,395 8.5 (100)
*Estimates based on the New series of IIP.
E-UpDates November 2011 4 Surge Research Support
5. 2009-10 (QE) Rs.Crore YoY Growth 2010-11 Rs.Crore YoY Growth
(%) (RE) (%)
18 GDP at market price
48,69,317 9.1 5,298,129 8.8
19 Net Indirect Taxes (Less
Subsidies ) 375,574 420,287
9 GDP at factor cost
(18-19) 44,93,743 8.0 4,877,842 8.5
20 Net factor income from
abroad -28,889 -43,083
21 Gross national product
at factor cost 44,64,854 7.9 4,834,759 8.3
(9 + 20)
23 Net national
product/National
Income at factor cost
(Less Depreciation) 39,46,540 7.5 4,259,782 7.9
24 Population (in million)
1170 1186
25 Per capita income (Rs.)
(23/24) 33731 6.1 35917 6.5
Aug-11 Aug-10 Aug-11 FY2011-12 * FY2010-11*
Production Index Index 2004-05 =100 Change (YoY, %)
(Index of Industrial
Production) 166.5 157.7 4.1 5.6 8.7
1. Mining 117.6 121.7 -3.4 0.2 7.7
2. Manufacturing 172.6 165.2 4.5 6.0 9.2
3. Electricity 149.4 136.4 9.5 9.5 4.1
*Apr-Aug. The base year of IIP has been revised by the CSO from 1993-94 to 2004-05.
200
IIP-Annual Averages (Base : 2004-05=100)
190
180 Mining &
170 165.4 166.5 Quarrying (141.75)
160 152.9
Manufacturing
150
(755.27)
176.7
175.6
140
161.3
130 Electricity (103.16)
149.0
138.0
120
131.0
130.8
125.2
124.5
110
100
General Index
(1000.0)
2009-10 2010-11 2011-12
E-UpDates November 2011 5 Surge Research Support
6. Inflation
Wholesale Price Index
All Primary Non-food Crude
(Base: 2004-05=100) Food Articles Manufactured
Commodities Articles Articles Petroleum
(Inflation %) Products
July - 2011 154.0 (9.20) 197.9 192.8 175.8 282.5 137.7
August - 2011 154.9 (9.78) 199.6 193.7 181.1 280.8 138.3
September - 2011 155.8 (9.72) 202.6 196.5 184.4 274.6 138.6
All India
General Index Rural Areas Urban Areas Industrial Rural Agricultural
(All Groups (All Groups) (All Groups) Workers Labourers Labourers
combined) Base Base Base Base 1986- Base 1986-
Consumer Price Index Base 2010=100 2010=100 2001=100 87=100 87=100
(Inflation %) 2010=100
July - 2011 110.5 (F) 111.7 (F) 108.9 (F) 193 (8.43) 604 (9.03) 604 (9.03)
August - 2011 111.7 (P) 113.1 (P) 109.8 (P) 194 (8.99) 610 (9.71) 610 (9.53)
September - 2011 113.1 (P) 114.6 (P) 111.1 (P) 197(10.06) 614 (9.25) 615 (9.43)
F: Final; P: Provisional
WPI (Base 2004-05=100) New Series Weekly Inflation (WPI)
160
2009-10 2010-11 2011-12 Date Food price Primary articles
6-Aug-11 9.03 11.64
150
13-Aug-11 9.8 12.40
20-Aug-11 10.05 12.93
140
27-Aug-11 9.66 13.34
3-Sep-11 9.47 13.04
130
10-Sep-11 8.84 12.17
17-Sep-11 9.13 11.43
120 9.41 10.84
24-Sep-11
1-Oct-11 9.32 10.06
110 10.60 11.18
8-Oct-11
15-Oct-11 11.43 11.75
100 22-Oct-11 12.21 12.08
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
E-UpDates November 2011 6 Surge Research Support
7. COMPONENTS & SOURCES OF MONEY STOCK (M3) AND THEIR VARIATIONS (Rs crores)
March 31 September# October*
2011 2011 2011
M3 6,499,548 6,858,829 6,958,664
% change during the month 2.21 0.35 1.46
% change since March 31 16.49 5.53 7.06
(A) Components of M3 ( 1+2+3+4)
1 Currency with the public 914,197 941,258 952,190
% change during the month 0.95 (0.17) 1.16
% change since March 31 19.03 2.96 4.16
2 Demand deposits with banks 717,660 637,922 646,007
% change during the month 6.51 0.48 1.27
% change since March 31 0.49 (11.11) (9.98)
3 Time deposits with banks 4,863,979 5,277,306 5,359,307
% change during the month 1.84 0.45 1.55
% change since March 31 18.82 8.50 10.18
4 Other deposits with RBI 3,713 2,342 1,160
% change during the month 2.63 (35.14) (50.47)
% change since March 31 (1.90) (36.92) (68.76)
(B) Sources of M3 (5+6+7+8-9)
5 Net bank credit to govt.(i+ii) 1,982,771 2,137,832 2,181,908
% change during the month 6.67 (0.53) 2.06
% change since March 31 18.85 7.82 10.04
i RBI's credit 396,555 356,660 394,737
% change during the month 32.09 (3.12) 10.68
% change since March 31 80.07 (10.06) (0.46)
ii Other banks' credit 1,586,216 1,781,172 1,787,171
% change during the month 1.77 0.00 0.34
% change since March 31 9.54 12.29 12.67
6 Bank credit to commercial sector (i+ii) 4,235,406 4,389,661 4,447,127
% change during the month 3.81 1.24 1.31
% change since March 31 21.59 3.64 5.00
i RBI's credit 2,164 1,783 1,878
% change during the month 37.83 (3.05) 5.33
% change since March 31 62.95 (17.61) (13.22)
ii Other banks' credit 4,233,242 4,387,878 4,445,249
% change during the month 3.80 1.24 1.31
% change since March 31 21.58 3.65 5.01
7 Net foreign exchange assets of the banking
1,393,327 1,549,140 1,598,117
sector
% change during the month (0.24) 3.57 3.16
% change since March 31 9.28 11.18 14.70
8 Government's currency liabilities to the
12,724 12,959 13,312
public
% change during the month 4.71 - 2.72
% change since March 31 16.53 1.85 4.62
9 NNML of the banking sector (i+ii)
1,124,680 1,230,764 1,281,800
% change during the month 13.79 6.21 4.15
% change since March 31 31.10 9.43 13.97
i RBI's NNML 368,274 526,650 578,538
% change during the month (0.87) 18.00 9.85
% change since March 31 18.68 43.00 57.09
ii Other bank's NNML(Residual) 756,406 704,114 703,262
% change during the month 22.62 (1.18) (0.12)
% change since March 31 38.13 (6.91) (7.03)
Note: (i) Figures in parentheses denote negative numbers; (ii) # data are of September 23, 2011;
(iii) * data are of October 21, 2011.
E-UpDates November 2011 7 Surge Research Support
8. COMPONENTS & SOURCES OF RESERVE MONEY AND THEIR VARIATIONS (Rs crore)
March September October
2011 2011 2011
Reserve Money : 1,376,881 1,402,145 1,385,212
% change during the month 7.64 2.39 (1.21)
% change since March 31 19.18 1.83 0.61
(A) Components of Reserve Money (1+2+3)
1 Currency in circulation 949,659 976,318 1,012,140
% change during the month 0.93 (0.73) 3.67
% change since March 31 18.83 2.81 6.58
2 Banker's deposits with RBI 423,509 423,286 371,661
% change during the month 26.58 10.75 (12.20)
% change since March 31 20.21 (0.05) (12.24)
3 "Other" deposits with RBI 3,713 2,541 1,411
% change during the month 2.63 (29.63) (44.47)
% change since March 31 -1.90 (31.56) (62.00)
(B) Sources of Reserve Money (4+5+6+7-8)
4 Net RBI credit to Government 396,555 406,753 391,984
% change during the month 32.09 10.49 (3.63)
% change since March 31 80.07 2.57 (1.15)
RBI credit to Banks & Commercial Sector
7,324 6,120 5,657
5
% change during the month 46.60 70.90 (7.57)
% change since March 31 193.31 (16.44) (22.76)
5.1 RBI credit to banks(including NABARD) 5,159 3,990 3,779
% change during the month 50.58 128.92 (5.29)
% change since March 31 341.32 (22.66) (26.75)
5.2 RBI credit to Commercial Sector 2,165 2,130 1,878
% change during the month 37.90 15.89 (11.83)
% change since March 31 63.03 (1.62) (13.26)
6 Net Foreign Exchange Assets of RBI 1,328,553 1,491,104 1,530,763
% change during the month -0.35 4.20 2.66
% change since March 31 7.84 12.24 15.22
7 Govt's Currency Liabilities to the Public 12,724 13,312 13,312
% change during the month 4.71 2.72 -
% change since March 31 16.53 4.62 4.62
8 Net Non-monetary Liabilities of RBI 368,274 515,142 556,503
% change during the month -0.87 15.42 8.03
% change since March 31 18.68 39.88 51.11
Note: (i) Figures in parentheses denote negative numbers.
E-UpDates November 2011 8 Surge Research Support
13. Weighted Average YTMs
Weighted Average YTMs
8.2
8.3
8.4
8.5
8.6
8.7
8.8
8.9
9.0
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
October 2012 April 2012
September 2013
May 2012
March 2014
June 2014
E-UpDates November 2011
April 2016
July 2015
October 2015
January 2017
September 2016
September 2016 July 2017
August 2017
April 2018
13
August 2018
August 2019
April 2021
August 2020
Maturity Year
July 2021
Debt Market Yields
Maturity Year
August 2022
August 2021
Yields of Gsecs Traded in October 2011
August 2022
September 2022
August 2023
August 2024 August 2027
August 2025
March 2026 September 2027
Surge Research Support
Yields of Benchmark Corporate Bonds (AAA) - October 2011
September 2026
February 2032
August 2027
August 2028
July 2040
August 2029
14. Equity Market Turnover
BSE Equity Market BSE Sensitive Index, Sensex (30 Scrips) (1978-79=100)
Average
Daily Market
No of co.s No. of scrips Turnover Turnover Capitalisation Month-
Month/Year listed* traded (Rs.cr) (Rs.cr) (Rs.cr)* High Low Closing P/E P/B Div Yield
Jul-11 5096 3039 59076.0 2813.1 6614745.5 19131.7 18131.86 18197.2 19.60 3.44 1.43
Aug-11 5086 2991 52760.3 2512.4 6058776.3 18440.07 15765.53 16676.75 18.36 3.34 1.51
Sep-11 5092 2922 53625.9 2553.6 5952377.6 17211.8 15801.01 16453.76 18.35 3.36 1.52
NSE Capital Market Segment S&P CNX Nifty (50 Scrips)(Nov.3, 1993=100)
Average
Daily Market
No of co.s No. of scrips Turnover Turnover Capitalisation Month-
Month/Year listed* traded (Rs.cr) (Rs.cr) (Rs.cr)* High Low Closing P/E P/B Div Yield
Jul-11 1606 1600 230003.0 10953.0 6462338.0 5740.40 5453.95 5482.00 20.49 3.47 1.27
Aug-11 1615 1611 235253.0 11203.0 5921684.0 5551.90 4720.00 5001.00 18.29 3.08 1.42
Sep-11 1622 1698 235270.0 11203.0 5820334.0 5169.25 4758.85 4943.25 18.11 2.96 1.51
*End of the Month.
Derivatives Turnover
BSE Derivatives (F&O) Trades
Index Futures Stock Futures Index Options Stock Options Total Average
Notional Notional Daily
No. of Turnover (Rs. No. of Turnover No. of Turnover No. of Turnover No. of Turnover Turnover
Month / Year contracts cr.) contracts (Rs. cr.) contracts (Rs. cr.) contracts (Rs. cr.) contracts (Rs. cr.) (Rs. cr.)
Jul-11 706 19.76 532 15.58 30 0.85 …. … 1268 36.18 1.72
Aug-11 428 10.81 1736 47.02 …. … …. … 2164 57.82 2.75
Sep-11 19303 474.08 7759 241.04 4627 122.25 93 2.21 31782 839.58 39.98
NSE Derivatives (F&O) Segment
Index Futures Stock Futures Index Options Stock Options Total Average
Notional Notional Daily
No. of Turnover (Rs. No. of Turnover No. of Turnover No. of Turnover No. of Turnover Turnover
Month / Year contracts cr.) contracts (Rs. cr.) contracts (Rs. cr.) contracts (Rs. cr.) contracts (Rs. cr.) (Rs. cr.)
Jul-11 10048859 265640.93 12260020 349890.69 66268437 1867725.5 2800430 81707.72 91377746 2564964.83 122141.18
Aug-11 14585694 347176.6 13366537 333790.92 86141851 2209523.7 2791679 73258.02 116885761 2963749.16 141130.91
Sep-11 14796435 346826.29 13329926 326289.5 83122036 2085730 3057248 76418 114305645 2835263.82 135012.56
E-UpDates November 2011 14 Surge Research Support