8. Reserve Money : Components and Sources
(Rs. crore) | |||||||||||
Outstanding | Variation over | ||||||||||
as on | |||||||||||
Item | Financial year so far | ||||||||||
1999 | Week | 1998-99 | 1999-2000 | Year | |||||||
Mar. 31# | Apr. 30# | Amount | % | Amount | % | Amount | % | Amount | % | ||
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | |
Reserve Money | 2,59,220 | 2,63,297 | 3,540 | 1.4 | 1,902 | 0.8 | 4,077 | 1.6 | 34,993 | 15.3 | |
Components (i+ii+iii) | |||||||||||
(i) | Currency in circulation | 1,75,705 | 1,85,965 | 778 | 0.4 | 9,220 | 6.1 | 10,260 | 5.8 | 25,689 | 16.0 |
of which : cash with banks | 5,586 | .. | |||||||||
(ii) | Bankers' deposits with RBI | 79,703 | 74,076 | 2,704 | 3.8 | -6,899 | -9.6 | -5,627 | -7.1 | 9,169 | 14.1 |
(iii) | "Other" deposits with RBI | 3,812 | 3,257 | 57 | -419 | -556 | 135 | ||||
Sources (i+ii+iii+iv-v) | |||||||||||
(i) | Net RBI credit to Government * | 1,50,132 | 1,56,726 | 763 | 0.5 | 5,771 | 4.3 | 6,594 | 4.4 | 15,795 | 11.2 |
of which : to Centre * | 1,45,416 | 1,56,724 | 1,693 | 7,131 | 11,308 | 15,977 | |||||
(ii) | RBI credit to banks & comm. sector | 25,487 | 24,652 | 2,759 | 12.6 | -1,367 | -8.9 | -835 | -3.3 | 10,737 | 77.2 |
o/w : to banks (includes NABARD) | 13,262 | 13,688 | 2,063 | -1,390 | 426 | 7,981 | |||||
(iii) | Net foreign exchange assets of RBI | 1,37,954 | 1,39,277 | 120 | 0.1 | 971 | 0.8 | 1,323 | 1.0 | 22,415 | 19.2 |
(iv) | Govt.'s currency liabilities to | ||||||||||
the public | 3,705 | 3,705 | - | 35 | - | 317 | |||||
(v) | Net non-monetary liabilities of RBI | 58,058 | 61,063 | 102 | 3,509 | 3,005 | 14,271 | ||||
* Central Government balances as on March 31, 1999 are after closure of accounts. | |||||||||||
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