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 30# | Amount | % | Amount | % | Amount | % | Amount | % | Amount | % | |
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | |
Reserve Money | 3,68,931 | 3,89,237 | 11,994 | 3.2 | 648 | 0.2 | 20,306 | 5.5 | 39,320 | 13.1 | 50,619 | 14.9 | |
Components (i+ii+iii) | |||||||||||||
(i) | Currency in circulation | 2,82,312 | 3,00,833 | –2,384 | –0.8 | 16,350 | 6.5 | 18,521 | 6.6 | 31,942 | 13.6 | 33,509 | 12.5 |
(ii) | Bankers' deposits with RBI | 83,346 | 85,918 | 14,394 | 20.1 | –15,124 | –18.0 | 2,572 | 3.1 | 7,233 | 11.7 | 16,896 | 24.5 |
(iii) | "Other" deposits with RBI | 3,273 | 2,486 | –16 | –578 | –788 | 145 | 214 | |||||
Sources (i+ii+iii+iv-v) | |||||||||||||
(i) | Net RBI credit to Government | 1,20,102 | 1,23,545 | 10,977 | 9.8 | 7,523 | 4.9 | 3,443 | 2.9 | –379 | –0.2 | –36,156 | –22.6 |
of which : to Centre | 1,16,015 | 1,19,764 | 11,187 | 13,814 | 3,749 | –2,437 | –35,433 | ||||||
(ii) | RBI credit to banks & comm. sector | 10,208 | 8,173 | –688 | –7.8 | –6,165 | –37.0 | –2,036 | –19.9 | –6,146 | –36.9 | –2,339 | –22.3 |
o/w : to banks (includes NABARD) | 7,160 | 5,164 | –658 | –3,330 | –1,996 | –816 | –2,254 | ||||||
(iii) | Net foreign exchange assets of RBI | 3,58,244 | 3,82,579 | 3,111 | 0.8 | 11,265 | 4.3 | 24,336 | 6.8 | 73,386 | 36.4 | 1,07,346 | 39.0 |
(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 | 1,31,970 | 1,406 | 12,068 | 5,437 | 28,513 | 18,681 | |||||
Government Balances as on March 31, 2003 are before closure of accounts. | |||||||||||||
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