India Deposit Growth y/y

Country: India, INR
Importance:
Low
Sector: Money
Last release
Actual
12.2%
Forecast
12.4%
Previous
12.2%
Next release
Actual
Coming in 6 days
Forecast
12.3%
Previous
12.2%
Date (GMT)
Reference
Actual
Forecast
5 Jul 2019
10.3%
21 Jun 2019
10.0%
7 Jun 2019
9.9%
24 May 2019
10.1%
10 May 2019
10.4%
26 Apr 2019
9.7%
12 Apr 2019
10.6%
29 Mar 2019
10.0%
15 Mar 2019
10.0%
1 Mar 2019
9.8%
15 Feb 2019
10.2%
1 Feb 2019
9.6%
18 Jan 2019
9.7%
4 Jan 2019
9.9%
21 Dec 2018
9.2%
7 Dec 2018
9.7%
23 Nov 2018
9.4%
9 Nov 2018
9.1%
26 Oct 2018
9.0%
12 Oct 2018
8.9%

India's Deposit Growth y/y reflects a change in bank deposits in the given quarter compared to the same period a year ago. Expansion in deposits indicates public loyalty towards the banking sector and a positive view on the economy as a whole. In addition, deposits increase money turnover in the country's financial sector and expand lending opportunities. Therefore, the indicator growth can be seen as positive for the Indian rupee.