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
30 Mar 2018
6.7%
16 Mar 2018
6.4%
2 Mar 2018
6.6%
16 Feb 2018
5.9%
2 Feb 2018
5.7%
19 Jan 2018
5.1%
5 Jan 2018
4.5%
22 Dec 2017
4.0%
8 Dec 2017
3.3%
24 Nov 2017
3.5%
10 Nov 2017
8.1%
27 Oct 2017
9.2%
13 Oct 2017
9.8%
29 Sep 2017
8.7%
15 Sep 2017
10.0%
1 Sep 2017
9.6%
18 Aug 2017
10.3%
4 Aug 2017
10.8%
21 Jul 2017
10.4%
7 Jul 2017
10.7%

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.