8. Reserve Money : Components and Sources
(Rs. crore) | |||||||||||||
Outstanding as on | Variation over | ||||||||||||
2003 | Financial year so far | Year-on-year | |||||||||||
Week | 2002-2003 | 2003-2004 | 2002 | 2003 | |||||||||
Item | Mar. 31# | Jul. 18# | Amount | % | Amount | % | Amount | % | Amount | % | Amount | % | |
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | |
Reserve Money | 3,69,061 | 3,76,063 | –162 | — | –5,171 | –1.5 | 7,002 | 1.9 | 28,260 | 9.3 | 43,264 | 13.0 | |
Components (i+ii+iii) | |||||||||||||
(i) | Currency in circulation | 2,82,473 | 2,99,610 | –2,959 | –1.0 | 13,747 | 5.5 | 17,137 | 6.1 | 33,333 | 14.4 | 34,889 | 13.2 |
(ii) | Bankers' deposits with RBI | 83,346 | 71,998 | 2,917 | 4.2 | –19,685 | –23.4 | –11,348 | –13.6 | –5,018 | –7.2 | 7,536 | 11.7 |
(iii) | "Other" deposits with RBI | 3,242 | 4,456 | –120 | 767 | 1,214 | –54 | 839 | |||||
Sources (i+ii+iii+iv-v) | |||||||||||||
(i) | Net RBI credit to Government | 1,20,679 | 92,707 | –5,714 | –5.8 | –3,626 | –2.4 | –27,972 | –23.2 | –17,186 | –10.4 | –55,844 | –37.6 |
of which : to Centre | 1,12,985 | 87,326 | –6,989 | 2,519 | –25,659 | –17,480 | –56,577 | ||||||
(ii) | RBI credit to banks & comm. sector | 10,208 | 8,209 | 197 | 2.5 | –7,079 | –42.4 | –2,000 | –19.6 | –9,808 | –50.5 | –1,389 | –14.5 |
o/w : to banks (includes NABARD) | 7,160 | 5,283 | 235 | –4,077 | –1,877 | –3,477 | –1,389 | ||||||
(iii) | Net foreign exchange assets of RBI | 3,58,244 | 3,88,844 | 4,600 | 1.2 | 26,526 | 10.0 | 30,600 | 8.5 | 85,091 | 41.4 | 98,350 | 33.9 |
(iv) | Govt.'s currency liabilities to the public | 7,071 | 7,073 | — | 168 | 1 | 969 | 538 | |||||
(v) | Net non-monetary liabilities of RBI | 1,27,141 | 1,20,769 | –754 | 21,159 | –6,372 | 30,807 | –1,609 | |||||
Government Balances as on March 31, 2003 are after closure of accounts. | |||||||||||||
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