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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IndiaIndia M3 Money Supply YoY climbed to 10.7 in July 2024
FMPMonthlyReleased July 2024
India M3 Money Supply YoY climbed to 10.7 in July 2024, up 1.0 from June's 9.7 reading. The print exceeded the 9.5 consensus by 1.2. Over the past 3 months, M3 Money Supply YoY averaged 10.73, vs 11.18 in the prior 3-month window. The reading is in the 32nd percentile of the trailing 24-month range.
Latest Release
10.7
Actual
9.5
Consensus
9.7
Previous
Median Absolute Error
±0.39 percentage points
across last 12 releases
Last Call
Jul 2024
Predicted: 9.47
Actual: 10.7
Error: -1.23
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| Nikkei 225 | ▼ Inverse | −0.33 | INDEX | Bearish Nikkei 225 | → View |
| BTC/USD | ▼ Inverse | −0.32 | CRYPTO | Bearish BTC | → View |
| USD/INR | ▼ Inverse | −0.27 | FOREX | Bearish USD | → View |
| XAU/USD | ▼ Inverse | −0.26 | COMMODITIES | Bearish XAU | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
The July 2024 reading rose from the previous value of 9.7. Over the last 12 releases, the Sigmanomics model has produced a median absolute forecast error of ±0.39. Historically, this indicator is negatively correlated with Nikkei 225 (Bearish Nikkei 225) and negatively correlated with BTC/USD (Bearish BTC).
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M3 Money Supply YoY - IN
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Economic Calendar - IN Events
| Friday, May 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 09:00 | IN | Balance of Trade | -28.38 | -20.67 | -27 | -31.13 | Medium |
| 11:30 | IN | Balance of Trade | -28.38 | -20.67 | -27 | -31.13 | Low |