India Deposit Growth y/y

Country: India, INR
Importance: Low
Sector: Money
Last release
Actual
17.8%
Forecast
13.8%
Previous
14.7%
Next release
Actual
Coming in 11 days
Forecast
14.8%
Previous
17.8%
Date (GMT)
Reference
Actual
Forecast
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%
28 Sep 2018
8.1%
14 Sep 2018
8.6%
31 Aug 2018
8.9%
17 Aug 2018
8.3%
3 Aug 2018
8.2%
20 Jul 2018
8.2%
6 Jul 2018
8.3%
22 Jun 2018
7.6%
8 Jun 2018
8.4%
25 May 2018
8.5%
11 May 2018
7.6%
27 Apr 2018
8.2%
13 Apr 2018
8.0%

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.