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# | May 16# | Amount | % | Amount | % | Amount | % | Amount | % | Amount | % | |
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | |
Reserve Money | 3,68,931 | 3,86,145 | 9,912 | 2.6 | 12,054 | 3.6 | 17,214 | 4.7 | 35,161 | 11.2 | 36,121 | 10.3 | |
Components (i+ii+iii) | |||||||||||||
(i) | Currency in circulation | 2,82,312 | 3,04,250 | 1,247 | 0.4 | 19,359 | 7.7 | 21,939 | 7.8 | 32,922 | 13.9 | 33,917 | 12.5 |
(ii) | Bankers' deposits with RBI | 83,346 | 79,201 | 8,488 | 12.0 | –6,772 | –8.0 | –4,145 | –5.0 | 2,881 | 3.9 | 1,826 | 2.4 |
(iii) | "Other" deposits with RBI | 3,273 | 2,694 | 177 | –534 | –579 | –642 | 378 | |||||
Sources (i+ii+iii+iv-v) | |||||||||||||
(i) | Net RBI credit to Government | 1,20,102 | 1,26,876 | 8,792 | 7.4 | 16,887 | 11.1 | 6,775 | 5.6 | –1,426 | –0.8 | –42,188 | –25.0 |
of which : to Centre | 1,16,015 | 1,26,170 | 11,957 | 22,485 | 10,155 | –3,438 | –37,699 | ||||||
(ii) | RBI credit to banks & comm. sector | 10,208 | 8,514 | –213 | –2.4 | –2,025 | –12.1 | –1,695 | –16.6 | –8,463 | –36.6 | –6,138 | –41.9 |
o/w : to banks (includes NABARD) | 7,160 | 5,591 | –140 | –1,052 | –1,569 | –2,112 | –4,105 | ||||||
(iii) | Net foreign exchange assets of RBI | 3,58,244 | 3,73,493 | 2,764 | 0.7 | 8,321 | 3.2 | 15,249 | 4.3 | 71,310 | 35.5 | 1,01,203 | 37.2 |
(iv) | Govt.'s currency liabilities to the public | 6,910 | 6,910 | — | 17 | — | 895 | 526 | |||||
(v) | Net non-monetary liabilities of RBI | 1,26,533 | 1,29,647 | 1,432 | 11,146 | 3,115 | 27,156 | 17,282 | |||||
Government Balances as on March 31, 2003 are before closure of accounts. | |||||||||||||
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