8. Reserve Money : Components and Sources

RbiAnnouncementWeb

Date: November 13, 2004

		Outstanding	as on					Variation	over
		2004		Week		Financial	year	so far			Year-on-year
						2003-2004		2004-2005		2003		2004
Item		Mar. 31	Nov. 5#	Amount	%	Amount	%	Amount	%	Amount	%	Amount	%
1		2	3	4	5	6	7	8	9	10	11	12	13

Reserve	Money	4,36,512	4,52,971	10,747	2.4	17,608	4.8	16,459	3.8	42,052	12.2	66,302	17.1

Components	(i+ii+iii)

(i)	Currency in circulation	3,27,028	3,49,163	7,021	2.1	27,714	9.8	22,135	6.8	34,372	12.5	38,976	12.6
(ii)	Bankers' deposits with RBI	1,04,365	97,297	3,582	3.8	–10,156	–12.2	–7,068	–6.8	7,412	11.3	24,107	32.9
(iii)	Other deposits with RBI	5,119	6,511	144	2.3	50	1.5	1,392	27.2	268	8.9	3,219	97.8

Sources	(i+ii+iii+iv-v)

(i)	Net RBI credit to Government	44,907	30,388	7,834	34.7	–53,705	–44.5	–14,520	–32.3	–61,436	–47.8	–36,587	–54.6
	of which : to Centre	36,920	27,093	8,958	49.4	–51,828	–45.9	–9,826	–26.6	–59,574	–49.3	–34,063	–55.7
(ii)	RBI credit to banks & comm. sector	7,481	6,848	2,661	63.5	–5,026	–49.2	–633	–8.5	–4,152	–44.5	1,665	32.1
	o/w : to banks (includes NABARD)	5,419	4,852	2,554	111.2	–4,871	–68.0	–567	–10.5	–4,103	–64.2	2,563	112
(iii)	Net foreign exchange assets of RBI	4,84,413	5,45,322	358	0.1	63,888	17.8	60,909	12.6	1,06,580	33.8	1,23,190	29.2
(iv)	Govt.'s currency liabilities to the public	7,296	7,339	—	—	181	2.6	44	0.6	401	5.9	87	1.2
(v)	Net non-monetary liabilities of RBI	1,07,585	1,36,925	106	0.1	–12,270	–9.7	29,340	27.3	–658	–0.6	22,054	19.2