8. Reserve Money : Components and Sources
(Rs. crore) | |||||||||||||
Outstanding as on | Variation over | ||||||||||||
Financial year so far | Year-on-year | ||||||||||||
2002 | 2003 | Week | 2001-2002 | 2002-2003 | 2002 | 2003 | |||||||
Item | Mar. 31 | Mar. 7# | Amount | % | Amount | % | Amount | % | Amount | % | Amount | % | |
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | |
Reserve Money | 3,37,970 | 3,59,627 | 2,887 | 0.8 | 19,186 | 6.3 | 21,657 | 6.4 | 23,691 | 7.9 | 37,129 | 11.5 | |
Components (i+ii+iii) | |||||||||||||
(i) | Currency in circulation | 2,50,974 | 2,83,297 | 4,611 | 1.7 | 33,648 | 15.4 | 32,323 | 12.9 | 30,134 | 13.6 | 31,444 | 12.5 |
(ii) | Bankers' deposits with RBI | 84,147 | 73,923 | –1,544 | –2.0 | –13,031 | –16.0 | –10,224 | –12.2 | –6,450 | –8.6 | 5,477 | 8.0 |
(iii) | "Other" deposits with RBI | 2,850 | 2,407 | –180 | –1,431 | –442 | 7 | 208 | |||||
Sources (i+ii+iii+iv-v) | |||||||||||||
(i) | Net RBI credit to Government | 1,52,178 | 1,19,749 | 2,347 | 2.0 | –1,728 | –1.1 | –32,429 | –21.3 | –3,356 | –2.2 | –32,399 | –21.3 |
of which : to Centre | 1,41,384 | 1,13,721 | –108 | –1,347 | –27,663 | –2,154 | –31,466 | ||||||
(ii) | RBI credit to banks & comm. sector | 16,677 | 10,679 | –620 | –5.5 | –9,287 | –35.4 | –5,998 | –36.0 | –8,703 | –33.9 | –6,286 | –37.1 |
o/w : to banks (includes NABARD) | 10,748 | 7,456 | 136 | –2,920 | –3,293 | –3,675 | –2,589 | ||||||
(iii) | Net foreign exchange assets of RBI | 2,63,969 | 3,51,484 | 4,115 | 1.2 | 53,531 | 27.1 | 87,515 | 33.2 | 55,036 | 28.1 | 1,00,778 | 40.2 |
(iv) | Govt.'s currency liabilities to the public | 6,366 | 6,851 | — | 885 | 485 | 961 | 613 | |||||
(v) | Net non-monetary liabilities of RBI | 1,01,220 | 1,29,136 | 2,954 | 24,214 | 27,916 | 20,248 | 25,576 | |||||
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