8. Reserve Money : Components and Sources
(Rs. crore) | |||||||||||||
Outstanding as on | Variation over | ||||||||||||
Week | Financial year so far | Year-on-year | |||||||||||
2003 | | | 2002-2003 | 2003-2004 | 2002 | | 2003 | ||||||
Item | Mar. 31# | Apr. 18# | Amount | % | Amount | % | Amount | % | Amount | % | Amount | % | |
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | |
Reserve Money | 3,68,931 | 3,80,083 | 15,851 | 4.4 | 6,039 | 1.8 | 11,152 | 3.0 | 39,495 | 13.0 | 36,074 | 10.5 | |
Components (i+ii+iii) | |||||||||||||
(i) | Currency in circulation | 2,82,312 | 2,94,674 | 3,298 | 1.1 | 10,018 | 4.0 | 12,363 | 4.4 | 32,284 | 14.1 | 33,682 | 12.9 |
(ii) | Bankers' deposits with RBI | 83,346 | 82,318 | 12,642 | 18.1 | –3,490 | –4.1 | –1,028 | –1.2 | 8,003 | 11.0 | 1,661 | 2.1 |
(iii) | "Other" deposits with RBI | 3,273 | 3,091 | –89 | –490 | –182 | –792 | 731 | |||||
Sources (i+ii+iii+iv-v) | |||||||||||||
(i) | Net RBI credit to Government | 1,20,102 | 1,27,259 | 16,057 | 14.4 | 7,924 | 5.2 | 7,157 | 6.0 | 3,081 | 2.0 | –32,843 | –20.5 |
of which : to Centre | 1,16,015 | 1,22,691 | 14,754 | 11,976 | 6,676 | 1,759 | –30,669 | ||||||
(ii) | RBI credit to banks & comm. sector | 10,208 | 9,449 | –92 | –1.0 | 77 | 0.5 | –760 | –7.4 | –8,562 | –33.8 | –7,305 | –43.6 |
o/w : to banks (includes NABARD) | 7,160 | 6,447 | –90 | 544 | –713 | –2,306 | –4,845 | ||||||
(iii) | Net foreign exchange assets of RBI | 3,58,244 | 3,60,383 | 1,255 | 0.3 | 5,177 | 2.0 | 2,139 | 0.6 | 68,911 | 34.4 | 91,237 | 33.9 |
(iv) | Govt.'s currency liabilities to the public | 6,910 | 6,910 | — | 17 | — | 970 | 526 | |||||
(v) | Net non-monetary liabilities of RBI | 1,26,533 | 1,23,917 | 1,370 | 7,157 | –2,615 | 24,905 | 15,541 | |||||
Government Balances as on March 31, 2003 are before closure of accounts. | |||||||||||||
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