8. Reserve Money : Components and Sources
(Rs. crore) | |||||||||||||
Outstanding | Variation over | ||||||||||||
as on | Financial year so far | Year-on-year | |||||||||||
2003 | Week | 2002-2003 | 2003-2004 | 2002 | 2003 | ||||||||
Item | Mar. 31# | Sep. 19# | Amount | % | Amount | % | Amount | % | Amount | % | Amount | % | |
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | |
Reserve Money | 3,69,061 | 3,67,826 | –11,609 | –3.1 | –2,059 | –0.6 | –1,235 | –0.3 | 33,895 | 11.2 | 31,915 | 9.5 | |
Components (i+ii+iii) | |||||||||||||
(i) | Currency in circulation | 2,82,473 | 2,94,245 | –2,484 | –0.8 | 8,733 | 3.5 | 11,772 | 4.2 | 32,918 | 14.5 | 34,538 | 13.3 |
(ii) | Bankers' deposits with RBI | 83,346 | 69,108 | –9,229 | –11.8 | –11,421 | –13.6 | –14,238 | –17.1 | 816 | 1.1 | –3,618 | –5.0 |
(iii) | "Other" deposits with RBI | 3,242 | 4,474 | 104 | 630 | 1,231 | 161 | 995 | |||||
Sources (i+ii+iii+iv-v) | |||||||||||||
(i) | Net RBI credit to Government | 1,20,679 | 63,082 | –12,489 | –16.5 | –23,991 | –15.8 | –57,597 | –47.7 | –23,843 | –15.7 | –65,105 | –50.8 |
of which : to Centre | 1,12,985 | 59,675 | –13,544 | –18,100 | –53,310 | –22,633 | –63,609 | ||||||
(ii) | RBI credit to banks & comm. sector | 10,208 | 6,120 | 27 | 0.4 | –7,321 | –43.9 | –4,089 | –40.1 | –12,270 | –56.7 | –3,236 | –34.6 |
o/w : to banks (includes NABARD) | 7,160 | 3,106 | –9 | –4,319 | –4,054 | –4,695 | –3,323 | ||||||
(iii) | Net foreign exchange assets of RBI | 3,58,244 | 4,06,673 | 4,476 | 1.1 | 38,898 | 14.7 | 48,430 | 13.5 | 88,523 | 41.3 | 1,03,806 | 34.3 |
(iv) | Govt.'s currency liabilities to the public | 7,071 | 7,073 | — | 424 | 1 | 985 | 282 | |||||
(v) | Net non-monetary liabilities of RBI | 1,27,141 | 1,15,122 | 3,622 | 10,069 | –12,019 | 19,500 | 3,833 | |||||
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