The annual rate of inflation, based on monthly WPI, stood at 9.73% (Provisional) for the month of October, 2011 (over
October, 2010) as compared to 9.72% (Provisional) for the previous month and 9.08% during the corresponding month of
the previous year. Build up inflation in the financial year so far was 4.88% compared to a build up of 4.84% in the
corresponding period of the previous year.
Money and Banking
The bank rate stood steady at 6 % and savings Bank rate is hovering around 4 % Repo Rate at 8.5 % and Reverse Repo rate at 7.5 % .Prime lending rate is at 10-10.75 % and Deposit rate is at 8.5-9.25 %.Current Cash Reserve Ratio is 6 %.Credit-Deposit Ratio is at 74 % as on november 11 Post liberalization demand for credit has gone up.
Exports during October, 2011 were valued at US$ 19869.97 million (Rs.97875.32 crore)
which was 10.82 per cent higher in Dollar terms (22.92 per cent higher in Rupee terms) than the
level of US$ 17929.64 million (Rs. 79626.77) during October, 2010. Cumulative value of exports
for the period April-October 2011 -12 was US$ 179777.23 million (Rs 820679.43 crore) as
against US$ 123170.46 million (Rs.564313.87 crore) registering a growth of 45.96 per cent in
Dollar terms and 45.43 per cent in Rupee terms over the same period last year.Imports during October, 2011 were valued at US$ 39513.73 million
(Rs.194636.35 crore) representing a growth of 21.72 per cent in Dollar terms (35.01 per cent
in Rupee terms) over the level of imports valued at US$ 32461.70 million ( Rs. 144164.69
crore) in October, 2010. Cumulative value of imports for the period April-October, 2011-12
was US$ 273467.77 million (Rs.1251948.19 crore) as against US$ 208821.75 million (Rs.
955937.28 crore) registering a growth of 30.96 per cent in Dollar terms and 30.97 per cent in
Rupee terms over the same period last year.Oil imports during October, 2011 were valued at US$ 10076.48 million which was
20.73 per cent higher than oil imports valued at US$ 8346.44 million in the corresponding
period last year. Oil imports during April-October, 2011-12 were valued at US$ 81921.93
million which was 40.82 per cent higher than the oil imports of US$ 58175.62 million in the
corresponding period last year.
Non-oil imports during October, 2011 were estimated at US$ 29437.25 million which
was 22.07 per cent higher than non-oil imports of US$ 24115.26 million in October, 2010.
Non-oil imports during April - October, 2011-12 were valued at US$ 191545.84 million which
was 27.15 per cent higher than the level of such imports valued at US$ 150646.14 million in
April - October, 2010-11.The trade deficit for April-October, 2011-12 was estimated at US$ 93690.54 million which
was higher than the deficit of US$ 85651.29 million during April-October, 2010-11.
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