8. Reserve Money : Components and Sources
(Rs. crore) | |||||||||||||
Outstanding as on | Variation over | ||||||||||||
2003 | Week | Financial year so far | Year-on-year | ||||||||||
2002-2003 | 2003-2004 | 2002 | 2003 | ||||||||||
Item | Mar. 31# | May 23# | Amount | % | Amount | % | Amount | % | Amount | % | Amount | % | |
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | |
Reserve Money | 3,68,931 | 3,77,244 | –8,902 | –2.3 | 12,869 | 3.8 | 8,313 | 2.3 | 40,213 | 12.9 | 26,404 | 7.5 | |
Components (i+ii+iii) | |||||||||||||
(i) | Currency in circulation | 2,82,312 | 3,03,217 | –1,033 | –0.3 | 18,084 | 7.2 | 20,906 | 7.4 | 32,997 | 14.0 | 34,159 | 12.7 |
(ii) | Bankers' deposits with RBI | 83,346 | 71,524 | –7,677 | –9.7 | –4,615 | –5.5 | –11,822 | –14.2 | 7,887 | 11.0 | –8,008 | –10.1 |
(iii) | "Other" deposits with RBI | 3,273 | 2,502 | –192 | –600 | –771 | –671 | 253 | |||||
Sources (i+ii+iii+iv-v) | |||||||||||||
(i) | Net RBI credit to Government | 1,20,102 | 1,12,568 | –14,308 | –11.3 | 17,521 | 11.5 | –7,533 | –6.3 | 2,911 | 1.7 | –57,131 | –33.7 |
of which : to Centre | 1,16,015 | 1,08,577 | –17,593 | 24,309 | –7,437 | 2,657 | –57,116 | ||||||
(ii) | RBI credit to banks & comm. sector | 10,208 | 8,861 | 347 | 4.1 | –3,020 | –18.1 | –1,348 | –13.2 | –7,825 | –36.4 | –4,796 | –35.1 |
o/w : to banks (includes NABARD) | 7,160 | 5,823 | 232 | –1,128 | –1,338 | –1,286 | –3,798 | ||||||
(iii) | Net foreign exchange assets of RBI | 3,58,244 | 3,79,468 | 5,976 | 1.6 | 9,507 | 3.6 | 21,225 | 5.9 | 72,480 | 36.1 | 1,05,992 | 38.8 |
(iv) | Govt.'s currency liabilities to the public | 6,910 | 6,910 | — | 17 | — | 895 | 526 | |||||
(v) | Net non-monetary liabilities of RBI | 1,26,533 | 1,30,564 | 916 | 11,157 | 4,031 | 28,248 | 18,187 | |||||
Government Balances as on March 31, 2003 are before closure of accounts. | |||||||||||||
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