8. Reserve Money : Components and Sources
(Rs. crore) | |||||||||||||
Outstanding as on | Variation over | ||||||||||||
2003 | Financial year so far | Year-on-year | |||||||||||
Week | 2002-2003 | 2003-2004 | 2002 | 2003 | |||||||||
Item | Mar. 31# | Jun. 13# | Amount | % | Amount | % | Amount | % | Amount | % | Amount | % | |
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | |
Reserve Money | 3,68,931 | 3,86,185 | 7,770 | 2.1 | 7,098 | 2.1 | 17,254 | 4.7 | 27,947 | 8.8 | 41,116 | 11.9 | |
Components (i+ii+iii) | |||||||||||||
(i) | Currency in circulation | 2,82,312 | 3,05,421 | 561 | 0.2 | 20,402 | 8.1 | 23,110 | 8.2 | 33,201 | 13.9 | 34,046 | 12.5 |
(ii) | Bankers' deposits with RBI | 83,346 | 78,011 | 6,903 | 9.7 | –12,826 | –15.2 | –5,335 | –6.4 | –4,432 | –5.9 | 6,690 | 9.4 |
(iii) | "Other" deposits with RBI | 3,273 | 2,752 | 306 | –478 | –521 | –823 | 381 | |||||
Sources (i+ii+iii+iv-v) | |||||||||||||
(i) | Net RBI credit to Government | 1,20,102 | 1,19,304 | 7,453 | 6.7 | 14,813 | 9.7 | –798 | –0.7 | –5,181 | –3.0 | –47,687 | –28.6 |
of which : to Centre | 1,16,015 | 1,16,856 | 6,886 | 21,457 | 841 | –6,116 | –45,985 | ||||||
(ii) | RBI credit to banks & comm. sector | 10,208 | 8,597 | 93 | 1.1 | –6,876 | –41.2 | –1,612 | –15.8 | –12,776 | –56.6 | –1,204 | –12.3 |
o/w : to banks (includes NABARD) | 7,160 | 5,569 | 67 | –3,927 | –1,591 | –4,589 | –1,252 | ||||||
(iii) | Net foreign exchange assets of RBI | 3,58,244 | 3,84,928 | 2,481 | 0.6 | 13,110 | 5.0 | 26,684 | 7.4 | 74,268 | 36.6 | 1,07,848 | 38.9 |
(iv) | Govt.'s currency liabilities to the public | 6,910 | 6,910 | — | 93 | — | 971 | 450 | |||||
(v) | Net non-monetary liabilities of RBI | 1,26,533 | 1,33,553 | 2,256 | 14,043 | 7,020 | 29,336 | 18,291 | |||||
Government Balances as on March 31, 2003 are before closure of accounts. | |||||||||||||
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