8. Reserve Money : Components and Sources - RBI

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Asset Publisher

Date: October 31, 1998

												(Rs. crore)

			Outstanding		Variation over
			as on
		*Item*					Financial year so far
			1998		Week		1997-98		1998-99		Year
			Mar. 31#	Oct. 16#	Amount	%	Amount	%	Amount	%		Amount	%

		1	2	3	4	5	6	7	8	9		10	11

Reserve Money			2,26,233	2,41,191	6,614	2.8	5,254	2.6	14,957	6.6		35,951	17.5

Components (i+ii+iii)
	(i)	Currency in circulation	1,50,823	1,63,506	1,557	1.0	8,543	6.2	12,682	8.4		17,746	12.2
		of which : cash with
		banks	5,641	..
	(ii)	Bankers' deposits with
		RBI	71,806	74,157	5,053	7.3	-3,642	-6.1	2,351	3.3		18,224	32.6
	(iii)	"Other" deposits with
		RBI	3,604	3,528	4		353		-76			-19
Sources (i+ii+iii+iv-v)

	(i)	Net RBI credit to
		Government	1,35,160	1,50,287	4,117	2.8	-9,596	-7.7	15,127	11.2		35,702	31.2
		of which : to Centre	1,33,617	1,49,264	5,459		-7,133		15,648			35,695
	(ii)	RBI credit to banks &
		comm. sector	15,282	19,724	2,196	12.5	-70	-0.5	4,442	29.1		6,542	49.6
		o/w : to banks (includes
		NABARD)	7,096	11,497	2,186		-1,483		4,400			5,975
	(iii)	Net foreign exchange
		assets of RBI	1,15,890	1,25,170	313	0.3	13,170	13.9	9,279	8.0		17,183	15.9
	(iv)	Govt.'s currency
		liabilities to the public	3,120	3,522	-		215		402			389
	(v)	Net non-monetary
		liabilities of RBI	43,219	57,512	11		-1,535		14,293			23,864

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