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8. Reserve Money : Components and Sources
82538641

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#

May 21#

Amount

%

Amount

%

Amount

%

Amount

%


 

1

2

3

4

5

6

7

8

9

10

11


Reserve Money

2,59,220

2,61,280

-4,962

-1.9

235

0.1

2,060

0.8

34,643

15.3

                       

Components (i+ii+iii)

                   
                       

(i)

Currency in circulation

1,75,705

1,91,139

-1,909

-1.0

14,010

9.3

15,434

8.8

26,073

15.8

                       
 

of which : cash with banks

5,586

4,184

               
                       

(ii)

Bankers' deposits with RBI

79,703

67,119

-3,028

-4.3

-12,712

-17.7

-12,584

-15.8

8,025

13.6

                       

(iii)

"Other" deposits with RBI

3,812

3,022

-25

 

-1,064

 

-790

 

545

 
                       

Sources (i+ii+iii+iv-v)

                   
                       

(i)

Net RBI credit to Government *

1,52,539

1,55,179

780

0.5

6,952

5.1

2,640

1.7

13,067

9.2

 

of which : to Centre *

1,45,416

1,53,263

15

 

8,047

 

7,847

 

11,599

 

(ii)

RBI credit to banks & comm. sector

25,487

20,893

-6,287

-23.1

-1,389

-9.1

-4,594

-18.0

7,000

50.4

                       
 

o/w : to banks (includes NABARD)

13,262

10,693

-3,521

 

-1,570

 

-2,569

 

5,167

 
                       

(iii)

Net foreign exchange assets of RBI

1,37,954

1,42,973

796

0.6

475

0.4

5,019

3.6

26,608

22.9

                       

(iv)

Govt.'s currency liabilities to the public

3,705

3,705

—

 

86

 

—

 

267

 
                       

(v)

Net non-monetary liabilities of RBI

60,464

61,469

251

 

5,888

 

1,005

 

12,298

 

* Government balances as on March 31, 1999 are after closure of accounts.

           

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