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 7 days
Forecast
12.3%
Previous
12.2%
Date (GMT)
Reference
Actual
Forecast
29 Jul 2022
9.1%
9.1%
15 Jul 2022
8.4%
9.0%
1 Jul 2022
9.8%
8.8%
17 Jun 2022
8.3%
9.5%
3 Jun 2022
9.3%
9.7%
20 May 2022
9.7%
9.7%
6 May 2022
9.7%
9.9%
22 Apr 2022
9.8%
9.5%
8 Apr 2022
10.1%
8.8%
25 Mar 2022
8.9%
8.7%
11 Mar 2022
8.8%
8.8%
25 Feb 2022
8.6%
8.7%
11 Feb 2022
9.1%
8.8%
28 Jan 2022
8.3%
9.8%
14 Jan 2022
9.3%
9.9%
31 Dec 2021
10.3%
9.1%
17 Dec 2021
9.6%
9.6%
3 Dec 2021
9.4%
10.5%
19 Nov 2021
9.8%
10.9%
5 Nov 2021
11.4%
9.9%

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.