8. Reserve Money : Components and Sources
(Rs. crore) | |||||||||||
Outstanding as on | Variation over | ||||||||||
Item | Financial year so far | ||||||||||
1998 | 1999 | Week | 1997-98 | 1998-99 | Year | ||||||
Mar. 31# | Jan. 8# | Amount | % | Amount | % | Amount | % | Amount | % | ||
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | |
Reserve Money | 2,26,233 | 2,47,004 | 4,575 | 1.9 | 11,368 | 5.7 | 20,770 | 9.2 | 35,650 | 16.9 | |
Components (i+ii+iii) | |||||||||||
(i) | Currency in circulation | 1,50,823 | 1,70,572 | 4,812 | 2.9 | 12,055 | 8.8 | 19,748 | 13.1 | 21,300 | 14.3 |
of which : cash with banks | 5,641 | .. | |||||||||
(ii) | Bankers' deposits with RBI | 71,806 | 73,001 | -204 | -0.3 | -420 | -0.7 | 1,196 | 1.7 | 13,847 | 23.4 |
(iii) | "Other" deposits with RBI | 3,604 | 3,430 | -33 | -267 | -174 | 503 | ||||
Sources (i+ii+iii+iv-v) | |||||||||||
(i) | Net RBI credit to Government | 1,35,160 | 1,52,935 | 2,417 | 1.6 | 4,470 | 3.6 | 17,775 | 13.2 | 24,285 | 18.9 |
of which : to Centre | 1,33,617 | 1,50,364 | 715 | 6,614 | 16,748 | 23,048 | |||||
(ii) | RBI credit to banks & comm. sector | 15,282 | 24,118 | 4,487 | 22.9 | 2,921 | 22.0 | 8,836 | 57.8 | 7,944 | 49.1 |
o/w : to banks (includes NABARD) | 7,096 | 12,613 | 1,338 | 1,369 | 5,516 | 4,238 | |||||
(iii) | Net foreign exchange assets of RBI | 1,15,890 | 1,27,746 | 327 | 0.3 | 12,309 | 13.0 | 11,856 | 10.2 | 20,620 | 19.2 |
(iv) | Govt.'s currency liabilities to the public | 3,120 | 3,561 | | 311 | 441 | 332 | ||||
(v) | Net non-monetary liabilities of RBI | 43,219 | 61,357 | 2,655 | 8,642 | 18,138 | 17,531 | ||||