| (₹ Billion) | | Item | Jul-Sep 2014 (PR) | Jul-Sep 2015 (P) | | Credit | Debit | Net | Credit | Debit | Net | | 1 | 2 | 3 | 4 | 5 | 6 | | Overall Balance of Payments (1+2+3) | 16,748 | 16,330 | 418 | 16,565 | 16,620 | –56 | | 1 CURRENT ACCOUNT (1.1+ 1.2) | 8,634 | 9,298 | –663 | 8,272 | 8,807 | –535 | | 1.1 MERCHANDISE | 5,036 | 7,439 | –2,403 | 4,391 | 6,822 | –2,432 | | 1.2 INVISIBLES (1.2.1+1.2.2+1.2.3) | 3,598 | 1,859 | 1,740 | 3,882 | 1,985 | 1,897 | | 1.2.1 Services | 2,325 | 1,178 | 1,147 | 2,518 | 1,351 | 1,167 | | 1.2.1.1 Travel | 303 | 250 | 53 | 327 | 261 | 66 | | 1.2.1.2 Transportation | 271 | 249 | 22 | 230 | 249 | –20 | | 1.2.1.3 Insurance | 36 | 16 | 20 | 36 | 19 | 17 | | 1.2.1.4 G.n.i.e. | 8 | 15 | –7 | 11 | 16 | –5 | | 1.2.1.5 Miscellaneous | 1,707 | 647 | 1,060 | 1,914 | 806 | 1,108 | | 1.2.1.5.1 Software Services | 1,069 | 44 | 1,025 | 1,226 | 42 | 1,184 | | 1.2.1.5.2 Business Services | 429 | 411 | 18 | 471 | 488 | –17 | | 1.2.1.5.3 Financial Services | 83 | 52 | 31 | 112 | 57 | 55 | | 1.2.1.5.4 Communication Services | 30 | 21 | 8 | 38 | 18 | 20 | | 1.2.2 Transfers | 1,061 | 68 | 993 | 1,110 | 53 | 1,057 | | 1.2.2.1 Official | 6 | 14 | –8 | 6 | 16 | –10 | | 1.2.2.2 Private | 1,055 | 54 | 1,001 | 1,104 | 37 | 1,067 | | 1.2.3 Income | 213 | 613 | –401 | 254 | 581 | –327 | | 1.2.3.1 Investment Income | 160 | 569 | –409 | 189 | 542 | –353 | | 1.2.3.2 Compensation of Employees | 53 | 45 | 8 | 65 | 39 | 26 | | 2 CAPITAL ACCOUNT (2.1+2.2+2.3+2.4+2.5) | 8,098 | 7,032 | 1,066 | 8,284 | 7,813 | 471 | | 2.1 Foreign Investment (2.1.1+2.1.2) | 4,601 | 3,556 | 1,045 | 4,279 | 4,270 | 8 | | 2.1.1 Foreign Direct Investment | 758 | 305 | 453 | 739 | 312 | 427 | | 2.1.1.1 In India | 663 | 128 | 535 | 676 | 143 | 532 | | 2.1.1.1.1 Equity | 466 | 124 | 342 | 478 | 143 | 335 | | 2.1.1.1.2 Reinvested Earnings | 144 | – | 144 | 154 | – | 154 | | 2.1.1.1.3 Other Capital | 53 | 4 | 50 | 44 | – | 43 | | 2.1.1.2 Abroad | 95 | 177 | –82 | 63 | 169 | –106 | | 2.1.1.2.1 Equity | 95 | 57 | 38 | 63 | 66 | –3 | | 2.1.1.2.2 Reinvested Earnings | – | 51 | –51 | – | 54 | –54 | | 2.1.1.2.3 Other Capital | – | 70 | –70 | – | 49 | –49 | | 2.1.2 Portfolio Investment | 3,843 | 3,251 | 592 | 3,540 | 3,959 | –419 | | 2.1.2.1 In India | 3,836 | 3,238 | 598 | 3,528 | 3,953 | –425 | | 2.1.2.1.1 FIIs | 3,836 | 3,238 | 598 | 3,521 | 3,953 | –432 | | 2.1.2.1.1.1 Equity | 2,699 | 2,616 | 83 | 3,077 | 3,475 | –398 | | 2.1.2.1.1.2 Debt | 1,137 | 622 | 515 | 445 | 478 | –34 | | 2.1.2.1.2 ADR/GDRs | – | – | – | 6 | – | 6 | | 2.1.2.2 Abroad | 7 | 14 | –7 | 12 | 5 | 7 | | 2.2 Loans (2.2.1+2.2.2+2.2.3) | 1,849 | 1,926 | –77 | 1,966 | 2,029 | –63 | | 2.2.1 External Assistance | 83 | 42 | 42 | 63 | 71 | –7 | | 2.2.1.1 By India | 1 | 6 | –5 | 1 | 8 | –8 | | 2.2.1.2 To India | 82 | 36 | 47 | 63 | 62 | – | | 2.2.2 Commercial Borrowings | 406 | 428 | –23 | 387 | 463 | –76 | | 2.2.2.1 By India | 22 | 1 | 21 | 16 | 3 | 14 | | 2.2.2.2 To India | 383 | 427 | –44 | 370 | 460 | –90 | | 2.2.3 Short Term to India | 1,360 | 1,456 | –96 | 1,515 | 1,495 | 20 | | 2.2.3.1 Suppliers' Credit > 180 days & Buyers' Credit | 1,320 | 1,456 | –136 | 1,457 | 1,495 | –38 | | 2.2.3.2 Suppliers' Credit up to 180 days | 40 | – | 40 | 58 | – | 58 | | 2.3 Banking Capital (2.3.1+2.3.2) | 1,180 | 1,206 | –26 | 1,622 | 1,148 | 474 | | 2.3.1 Commercial Banks | 1,172 | 1,206 | –34 | 1,622 | 1,148 | 474 | | 2.3.1.1 Assets | 126 | 189 | –63 | 398 | 220 | 177 | | 2.3.1.2 Liabilities | 1,046 | 1,018 | 29 | 1,225 | 928 | 297 | | 2.3.1.2.1 Non-Resident Deposits | 1,023 | 777 | 246 | 1,052 | 777 | 275 | | 2.3.2 Others | 8 | – | 8 | – | – | – | | 2.4 Rupee Debt Service | – | – | – | – | 1 | –1 | | 2.5 Other Capital | 467 | 343 | 124 | 417 | 364 | 53 | | 3 Errors & Omissions | 15 | – | 15 | 9 | – | 9 | | 4 Monetary Movements (4.1+ 4.2) | – | 418 | –418 | 56 | – | 56 | | 4.1 I.M.F. | – | – | – | – | – | – | | 4.2 Foreign Exchange Reserves (Increase - / Decrease +) | – | 418 | –418 | 56 | – | 56 | | Note: Explanatory notes on these tables are available in December issue of RBI Bulletin, 2012. | |