Table 38: Quarterly Balance of Payments: 1999 ¹										(Rs million)
		1st Quarter		2nd Quarter		3rd Quarter		4th Quarter		1999
		Credit	Debit	Credit	Debit	Credit	Debit	Credit	Debit	Credit	Debit

CURRENT ACCOUNT		394			2,562	227		624			1,317
A. Goods and Services		15,104	15,224	15,752	19,226	17,174	17,339	18,954	18,662	66,984	70,451
Goods		8,589	11,013	9,536	14,949	10,530	12,952	11,370	14,174	40,025	53,088
Merchandise		8,589	10,976	9,536	14,911	10,530	12,914	11,370	14,136	40,025	52,937
Non-monetary Gold		0	37	0	38	0	38	0	38	0	151
Services		6,515	4,211	6,216	4,277	6,644	4,387	7,584	4,488	26,959	17,363
Transportation		1,747	1,251	1,302	1,461	1,589	1,324	1,575	1,602	6,213	5,638
Travel		3,543	1,240	2,898	1,090	3,300	1,280	3,927	1,102	13,668	4,712
Other Services		1,225	1,720	2,016	1,726	1,755	1,783	2,082	1,784	7,078	7,013
Private		1,182	1,658	1,964	1,660	1,730	1,743	2,061	1,716	6,937	6,777
Government		43	62	52	66	25	40	21	68	141	236

B. Income		137	284	669	413	42	278	32	371	880	1,346
Direct Investment Income		0	29	9	7	1	27	3	48	13	111
Other Investment Income		137	255	660	406	41	251	29	323	867	1,235

C. Current Transfers		1,230	569	1,189	533	1,257	629	1,275	604	4,951	2,335
Private		1,117	564	1,139	528	1,186	624	1,210	598	4,652	2,314
Government		113	5	50	5	71	5	65	6	299	21

CAPITAL AND FINANCIAL ACCOUNT			1,486	2,405			1,590		2,610		3,281

D. Capital Account			3		2		3		4		12
Capital Transfers		-	3	-	2	-	3	-	4	-	12
Migrants' Transfers		-	3	-	2	-	3	-	4	-	12

E. Financial Account			1,483	2,407			1,587		2,606		3,269

Financial Account (excluding Reserve Assets)		933		1,683			1,205	123		1,534

Direct Investment		317	58	330	66	10	33	586	5	1,243	162

Portfolio Investment		1,256	284	83	206	101	268	48	149	1,488	907

Other Investment		1,041	1,339	3,008	1,466	588	1,603	986	1,343	4,169	4,297
General Government: long-term		43	176	288	184	141	257	44	215	516	832
Other Sectors: long-term		147	484	2,313	549	201	557	413	534	3,074	2,124
Banks		419	679	-	733	246	-	-	594	-	1,341
Other Sectors: short-term		432	-	407	-	-	789	529	-	579	-
Use of Fund Credit

Reserve Assets			2,416	724			382		2,729		4,803
Monetary Gold		-	-	-	-	-	-	-	-	-	-
Special Drawing Rights		232	-	2	-	-	21	-	4	209	-
Reserve Position in the Fund		-	244	-	-	-	-	-	-	-	244
Foreign Exchange		-	2,404	722	-	-	361	-	2,725	-	4,768
Other Claims		-	-	-	-	-	-	-	-	-	-

NET ERRORS AND OMISSIONS		1,092		157		1,363		1,986		4,598

¹ Estimates.