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# | Jun. 6# | Amount | % | Amount | % | Amount | % | Amount | % | Amount | % | |
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | |
Reserve Money | 3,68,931 | 3,78,415 | –10,822 | –2.8 | 4,432 | 1.3 | 9,484 | 2.6 | 25,998 | 8.2 | 36,012 | 10.5 | |
Components (i+ii+iii) | |||||||||||||
(i) | Currency in circulation | 2,82,312 | 3,04,860 | 4,027 | 1.3 | 20,748 | 8.3 | 22,549 | 8.0 | 32,257 | 13.5 | 33,139 | 12.2 |
(ii) | Bankers' deposits with RBI | 83,346 | 71,108 | –14,810 | –17.2 | –15,543 | –18.5 | –12,238 | –14.7 | –6,243 | –8.3 | 2,504 | 3.7 |
(iii) | "Other" deposits with RBI | 3,273 | 2,446 | –40 | –773 | –827 | –16 | 369 | |||||
Sources (i+ii+iii+iv-v) | |||||||||||||
(i) | Net RBI credit to Government | 1,20,102 | 1,11,851 | –11,694 | –9.5 | 12,475 | 8.2 | –8,251 | –6.9 | –5,999 | –3.5 | –52,802 | –32.1 |
of which : to Centre | 1,16,015 | 1,09,970 | –9,794 | 19,329 | –6,044 | –7,278 | –50,742 | ||||||
(ii) | RBI credit to banks & comm. sector | 10,208 | 8,504 | 331 | 4.1 | –6,940 | –41.6 | –1,704 | –16.7 | –13,376 | –57.9 | –1,232 | –12.7 |
o/w : to banks (includes NABARD) | 7,160 | 5,503 | 338 | –4,004 | –1,658 | –5,158 | –1,241 | ||||||
(iii) | Net foreign exchange assets of RBI | 3,58,244 | 3,82,447 | –132 | — | 12,057 | 4.6 | 24,203 | 6.8 | 74,094 | 36.7 | 1,06,421 | 38.6 |
(iv) | Govt.'s currency liabilities to the public | 6,910 | 6,910 | — | 93 | — | 971 | 450 | |||||
(v) | Net non-monetary liabilities of RBI | 1,26,533 | 1,31,297 | –672 | 13,253 | 4,764 | 29,692 | 16,825 | |||||
Government Balances as on March 31, 2003 are before closure of accounts. | |||||||||||||
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