8. Reserve Money : Components and Sources

RbiAnnouncementWeb

Date: February 28, 2004

(Rs. crore)

		Outstanding as on				Variation over
						Financial year so far				Year-on-year
		2003	2004	Week
						2002-2003		2003-2004		2003		2004
*Item*		Mar. 31#	Feb. 20#	Amount	%	Amount	%	Amount	%	Amount	%	Amount	%
1		2	3	4	5	6	7	8	9	10	11	12	13

Reserve Money		3,69,061	4,04,477	2,313	0.6	13,567	4.0	35,416	9.6	31,287	9.8	52,940	15.1
Components (i+ii+iii)
(i)	Currency in circulation	2,82,473	3,23,120	–383	–0.1	29,276	11.7	40,647	14.4	32,667	13.2	42,870	15.3
(ii)	Bankers' deposits with RBI	83,346	77,264	2,544	3.4	–16,107	–19.1	–6,082	–7.3	–2,305	–3.3	9,224	13.6
(iii)	"Other" deposits with RBI	3,242	4,093	152		398		851		925		846
Sources (i+ii+iii+iv-v)
(i)	Net RBI credit to Government	1,20,679	37,469	–2,676	–6.7	–50,570	–33.2	–83,211	–69.0	–49,742	–32.9	–64,139	–63.1
	of which : to Centre	1,12,985	30,512	–4,756		–45,476		–82,472		–48,147		–65,395
(ii)	RBI credit to banks & comm. sector	10,208	4,417	306	7.4	–7,643	–45.8	–5,791	–56.7	–10,577	–53.9	–4,617	–51.1
	o/w : to banks (includes NABARD)	7,160	2,356	301		–4,630		–4,804		–5,657		–3,762
(iii)	Net foreign exchange assets of RBI	3,58,244	4,87,435	871	0.2	95,758	36.3	1,29,191	36.1	1,14,115	46.5	1,27,708	35.5
(iv)	Govt.'s currency liabilities to the public	7,071	7,240	—		670		169		798		204
(v)	Net non-monetary liabilities of RBI	1,27,141	1,32,085	–3,812		24,649		4,943		23,308		6,216