India's receipts from invisibles spurt 1.87 per cent

India's receipts from invisibles grew 1.87 per cent to USD 58.55 billion for the June quarter while payments edged down 0.7 per cent to USD 30.53 billion, RBI said today.
Invisibles refer to payments and receipts resulting from international trade in 'invisible' services rather than 'visible' goods.
The Reserve Bank released the data on India's invisibles in accordance with IMF's Balance of Payments and International Investment Position Manual for April-June of 2015-16.
The invisibles receipts and payments -- by category of transactions -- comprise services, primary income and secondary income receipts.
The invisibles receipts from services in April-June came in at USD 38.05 billion, up 1.3 per cent from a year ago. From primary income receipts, it stood at USD 3.23 billion, up from USD 2.35 billion.

In the invisibles payments category, services payments were at USD 20.62 billion in April-June compared with USD 20.58 billion a year ago.
Primary payments fell to USD 8.8 billion, from USD 9.04 billion, and secondary income payments read USD 1.1 billion, down from USD 1.12 billion.