8. Reserve Money : Components and Sources
(Rs. crore) | |||||||||||||
Outstanding as on | Variation over | ||||||||||||
Financial year so far | Year-on-year | ||||||||||||
2003 | Week | 2002-2003 | 2003-2004 | 2002 | 2003 | ||||||||
Item | Mar. 31# | Apr. 25# | Amount | % | Amount | % | Amount | % | Amount | % | Amount | % | |
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | |
Reserve Money | 3,68,931 | 3,69,477 | –10,606 | –2.8 | –1,123 | –0.3 | 546 | 0.1 | 25,097 | 8.1 | 32,630 | 9.7 | |
Components (i+ii+iii) | |||||||||||||
(i) | Currency in circulation | 2,82,312 | 2,93,498 | –1,176 | –0.4 | 9,807 | 3.9 | 11,186 | 4.0 | 32,277 | 14.1 | 32,717 | 12.5 |
(ii) | Bankers' deposits with RBI | 83,346 | 73,257 | –9,061 | –11.0 | –10,605 | –12.6 | –10,089 | –12.1 | –6,667 | –8.3 | –286 | –0.4 |
(iii) | "Other" deposits with RBI | 3,273 | 2,723 | –368 | –325 | –551 | –513 | 198 | |||||
Sources (i+ii+iii+iv-v) | |||||||||||||
(i) | Net RBI credit to Government | 1,20,102 | 1,13,913 | –13,346 | –10.5 | 3,384 | 2.2 | –6,189 | –5.2 | –11,177 | –6.7 | –41,649 | –26.8 |
of which : to Centre | 1,16,015 | 1,08,008 | –14,683 | 8,388 | –8,007 | –9,836 | –41,764 | ||||||
(ii) | RBI credit to banks & comm. sector | 10,208 | 9,225 | –224 | –2.4 | –2,520 | –15.1 | –983 | –9.6 | –9,975 | –41.3 | –4,932 | –34.8 |
o/w : to banks (includes NABARD) | 7,160 | 6,277 | –170 | –1,014 | –883 | –4,214 | –3,457 | ||||||
(iii) | Net foreign exchange assets of RBI | 3,58,244 | 3,64,658 | 4,275 | 1.2 | 6,889 | 2.6 | 6,414 | 1.8 | 71,106 | 35.6 | 93,800 | 34.6 |
(iv) | Govt.'s currency liabilities to the public | 6,910 | 6,910 | — | 17 | — | 970 | 526 | |||||
(v) | Net non-monetary liabilities of RBI | 1,26,533 | 1,25,229 | 1,312 | 8,893 | –1,304 | 25,827 | 15,116 | |||||
Government Balances as on March 31, 2003 are before closure of accounts. | |||||||||||||
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