Document Title: Reserve Bank of India – Bulletin Weekly Statistical Supplement – Extract
Issuing Authority: Reserve Bank of India
Reference: Press Release 2026-2027/1041
Date: 04 September 2026
External Sector and Currency
The bulletin reports total foreign exchange reserves as of 28 Aug 2026 at ₹7,066,658 crore (US$740,803 million). This reflects a week‑on‑week increase of ₹85,328 crore (US$11,475 million). End‑March 2026 reserves stood at ₹5,127,97 crore (US$49,696 million), while the year‑to‑date figure is ₹941,303 crore (US$46,574 million). The reserve composition includes foreign currency assets of ₹5,729,832 crore (US$600,670 million), gold holdings of ₹1,110,438 crore (US$116,409 million), SDRs of ₹179,428 crore (US$18,810 million) and a reserve position in the IMF of ₹46,960 crore (US$4,914 million).
Monetary Policy and Liquidity
Liquidity operations for the week of 24‑30 Aug 2026 are detailed. Variable‑rate reverse repo injections ranged from ₹98,516 crore to ₹152,537 crore each day. The Marginal Standing Facility (MSF) was utilized between ₹284 crore and ₹2,401 crore, while the Standing Deposit Facility (SDF) absorbed between ₹191,115 crore and ₹263,990 crore. Net absorption (calculated as the sum of injections minus withdrawals) was negative each day, totaling –₹373,652 crore on 24 Aug, –₹296,351 crore on 25 Aug, –₹190,718 crore on 26 Aug, –₹289,304 crore on 27 Aug, –₹402,124 crore on 28 Aug, –₹262,085 crore on 29 Aug, and –₹258,132 crore on 30 Aug, indicating a net withdrawal of liquidity from the system.
Banking and Credit
Scheduled commercial banks reported aggregate deposits of ₹26,931,346 crore as of 15 Aug 2026. Deposits fell by ₹6,534 crore over the fortnight but rose by ₹891,533 crore in the financial year to date, a 3.9% increase, and by ₹702,559 crore in the 2026‑27 period, a 2.7% rise. Year‑on‑year deposits grew 10.0%, reaching ₹3,459,212 crore for 2026, a 14.7% increase.
Deposit composition: demand deposits with banks stood at ₹3,302,392 crore (down ₹129,278 crore fortnightly), while time deposits were ₹23,628,953 crore (up ₹122,745 crore fortnightly). Bank credit expanded to ₹22,007,764 crore, a fortnight decline of ₹70,639 crore, a FY increase of ₹362,194 crore (2.0%), and a 2026‑27 rise of ₹647,867 crore (3.0%). Year‑on‑year credit grew 10.2% to ₹3,401,597 crore, an 18.3% increase for 2026. Food credit reached ₹114,136 crore, while non‑food credit amounted to ₹21,893,628 crore. The data incorporate the impact of a non‑bank merger effective 1 July 2023.
Money Stock (M3) Components and Sources
M3 outstanding rose from ₹31,453,126 crore on 31 Mar 2026 to ₹32,294,503 crore on 15 Aug 2026, a fortnight increase of ₹16,690 crore (0.1%). Year‑to‑date growth was ₹1,002,119 crore (3.7%). The 2026‑27 projection adds ₹841,377 crore (2.7%). Compared with 2025, M3 increased from ₹2,479,106 crore to ₹4,005,795 crore, a 14.2% rise.
Component breakdown as of 15 Aug 2026: Currency with the public ₹4,207,115 crore (up ₹21,670 crore, 0.5%); demand deposits with banks ₹3,456,330 crore (down ₹129,903 crore, –3.6%); time deposits with banks ₹24,507,426 crore (up ₹123,899 crore, 0.5%); other deposits with RBI ₹123,632 crore (up ₹1,025 crore, 0.8%).
Sources of money: Net bank credit to government totaled ₹9,400,786 crore, with the RBI’s share ₹1,880,759 crore and other banks ₹7,520,027 crore. Bank credit to the commercial sector was ₹22,860,557 crore, of which the RBI contributed ₹12,028 crore and other banks ₹22,848,529 crore. Year‑to‑date, net credit to the commercial sector rose 10.0% to ₹3,452,939 crore.
Regulatory and Policy Measures
The Banking Laws (Amendment) Act, 2025 redefines a “fortnight” from alternate Fridays to the 15th and last calendar day of each month, effective 15 Dec 2025. This change underlies the fortnightly variation figures presented.
The bulletin also notes that data exclude certain items: SDR holdings of the RBI (already counted), bonds issued by IIFC (UK), amounts lent under SAARC and ACU currency swap arrangements, and RBI’s contribution to funding of Nexus Global Payments.
Overall, the supplement highlights a modest increase in foreign exchange reserves, continued expansion of bank deposits and credit, a rise in money supply, and active RBI liquidity management through reverse repo and deposit facilities during late August 2026.