8. Reserve Money : Components and Sources
(Rs. crore) | |||||||||||
Outstanding | Variation over | ||||||||||
Item | Financial year so far | ||||||||||
1999 | 1999 | Week | 1998-99 | 1999-2000 | Year | ||||||
Mar. 31# | Apr. 2# | Amount | % | Amount | % | Amount | % | Amount | % | ||
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | |
Reserve Money | 2,59,220 | 2,58,126 | 12,378 | 5.0 | -2,905 | -1.3 | -1,094 | -0.4 | 34,629 | 15.5 | |
Components (i+ii+iii) | |||||||||||
(i) | Currency in circulation | 1,75,705 | 1,75,633 | -612 | -0.3 | 817 | 0.5 | -72 | | 23,761 | 15.6 |
of which : cash with banks | 5,586 | .. | |||||||||
(ii) | Bankers' deposits with RBI | 79,703 | 78,642 | 13,284 | 20.3 | -3,716 | -5.2 | -1,061 | -1.3 | 10,553 | 15.5 |
(iii) | "Other" deposits with RBI | 3,812 | 3,851 | -293 | -5 | 39 | 316 | ||||
Sources (i+ii+iii+iv-v) | |||||||||||
(i) | Net RBI credit to Government * | 1,52,509 | 1,53,244 | 3,292 | 2.2 | -345 | -0.3 | 735 | 0.5 | 18,429 | 13.7 |
of which : to Centre * | 1,47,793 | 1,50,245 | 1,768 | -253 | 2,451 | 16,881 | |||||
(ii) | RBI credit to banks & comm. sector | 25,487 | 23,692 | 5,517 | 30.4 | -829 | -5.4 | -1,795 | -7.0 | 9,240 | 63.9 |
o/w : to banks (includes NABARD) | 13,262 | 13,198 | 3,508 | -821 | -63 | 6,923 | |||||
(iii) | Net foreign exchange assets of RBI | 1,37,954 | 1,37,994 | 4,271 | 3.2 | -614 | -0.5 | 41 | | 22,718 | 19.7 |
(iv) | Govt.'s currency liabilities to the public | 3,705 | 3,705 | | | | 353 | ||||
(v) | Net non-monetary liabilities of RBI | 60,435 | 60,510 | 703 | 1,117 | 75 | 16,110 | ||||
* Government balances as on March 31, 1999 are before closure of accounts. |
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