8. Reserve Money : Components and Sources
(Rs. crore) | |||||||||||
Outstanding | Variation over | ||||||||||
as on | |||||||||||
Item | Financial year so far | ||||||||||
1999 | Week | 1998-99 | 1999-2000 | Year | |||||||
Mar. 31# | May 7# | Amount | % | Amount | % | Amount | % | Amount | % | ||
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | |
Reserve Money | 2,59,220 | 2,67,597 | 4,299 | 1.6 | 7,447 | 3.3 | 8,376 | 3.2 | 33,748 | 14.4 | |
Components (i+ii+iii) | |||||||||||
(i) | Currency in circulation | 1,75,705 | 1,91,403 | 5,439 | 2.9 | 14,240 | 9.4 | 15,698 | 8.9 | 26,107 | 15.8 |
of which : cash with banks | 5,586 | 4141 ** | |||||||||
(ii) | Bankers' deposits with RBI | 79,703 | 73,128 | -948 | -1.3 | -6,205 | -8.6 | -6,575 | -8.2 | 7,528 | 11.5 |
(iii) | "Other" deposits with RBI | 3,812 | 3,065 | -191 | -588 | -747 | 113 | ||||
Sources (i+ii+iii+iv-v) | |||||||||||
(i) | Net RBI credit to Government * | 1,50,132 | 1,58,103 | 1,377 | 0.9 | 12,162 | 9.0 | 7,971 | 5.3 | 10,781 | 7.3 |
of which : to Centre * | 1,45,416 | 1,57,780 | 1,056 | 13,322 | 12,364 | 10,841 | |||||
(ii) | RBI credit to banks & comm. sector | 25,487 | 26,614 | 1,962 | 8.0 | -1,461 | -9.6 | 1,126 | 4.4 | 12,793 | 92.6 |
o/w : to banks (includes NABARD) | 13,262 | 14,118 | 430 | -1,486 | 856 | 8,508 | |||||
(iii) | Net foreign exchange assets of RBI | 1,37,954 | 1,40,819 | 1,542 | 1.1 | 211 | 0.2 | 2,865 | 2.1 | 24,718 | 21.3 |
(iv) | Govt.'s currency liabilities to the public | 3,705 | 3,705 | | 35 | | 317 | ||||
(v) | Net non-monetary liabilities of RBI | 58,058 | 61,644 | 581 | 3,500 | 3,586 | 14,862 | ||||
* Central Government balances as on March 31, 1999 are after closure of accounts. | |||||||||||