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. 26# | Amount | % | Amount | % | Amount | % | Amount | % | Amount | % | |
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | |
Reserve Money | 3,69,061 | 3,68,774 | 841 | 0.2 | 301 | 0.1 | –288 | –0.1 | 29,284 | 9.5 | 30,502 | 9.0 | |
Components (i+ii+iii) | |||||||||||||
(i) | Currency in circulation | 2,82,473 | 2,92,068 | –2,283 | –0.8 | 5,912 | 2.4 | 9,595 | 3.4 | 32,324 | 14.4 | 35,182 | 13.7 |
(ii) | Bankers' deposits with RBI | 83,346 | 71,863 | 2,756 | 4.0 | –6,075 | –7.2 | –11,483 | –13.8 | –2,883 | –3.6 | –6,208 | –8.0 |
(iii) | "Other" deposits with RBI | 3,242 | 4,842 | 369 | 465 | 1,600 | –156 | 1,528 | |||||
Sources (i+ii+iii+iv-v) | |||||||||||||
(i) | Net RBI credit to Government | 1,20,679 | 62,738 | –344 | –0.5 | –22,598 | –14.8 | –57,942 | –48.0 | –30,660 | –19.1 | –66,842 | –51.6 |
of which : to Centre | 1,12,985 | 59,439 | –236 | –16,546 | –53,546 | –26,260 | –65,399 | ||||||
(ii) | RBI credit to banks & comm. sector | 10,208 | 5,403 | –717 | –11.7 | –6,946 | –41.6 | –4,806 | –47.1 | –10,494 | –51.9 | –4,328 | –44.5 |
o/w : to banks (includes NABARD) | 7,160 | 2,433 | –673 | –4,001 | –4,727 | –4,057 | –4,314 | ||||||
(iii) | Net foreign exchange assets of RBI | 3,58,244 | 4,09,702 | 3,029 | 0.7 | 39,450 | 14.9 | 51,458 | 14.4 | 89,391 | 41.8 | 1,06,283 | 35.0 |
(iv) | Govt.'s currency liabilities to the public | 7,071 | 7,179 | — | 424 | 108 | 985 | 389 | |||||
(v) | Net non-monetary liabilities of RBI | 1,27,141 | 1,16,248 | 1,126 | 10,029 | –10,894 | 19,939 | 4,999 | |||||
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