8. Reserve Money : Components and Sources
(Rs. crore) | |||||||||||||
Outstanding as on | Variation over | ||||||||||||
Financial year so far | Year-on-year | ||||||||||||
2003 | Week | 2002-2003 | 2003-2004 | 2002 | 2003 | ||||||||
Item | Mar. 31# | Jul. 4# | Amount | % | Amount | % | Amount | % | Amount | % | Amount | % | |
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | |
Reserve Money | 3,69,061 | 3,74,297 | –11,880 | –3.1 | 5,302 | 1.6 | 5,236 | 1.4 | 37,954 | 12.4 | 31,025 | 9.0 | |
Components (i+ii+iii) | |||||||||||||
(i) | Currency in circulation | 2,82,473 | 3,02,225 | 1,952 | 0.7 | 16,676 | 6.6 | 19,752 | 7.0 | 32,849 | 14.0 | 34,575 | 12.9 |
(ii) | Bankers' deposits with RBI | 83,346 | 67,528 | –14,212 | –17.4 | –12,317 | –14.6 | –15,818 | –19.0 | 5,294 | 8.0 | –4,302 | –6.0 |
(iii) | "Other" deposits with RBI | 3,242 | 4,544 | 381 | 942 | 1,301 | –189 | 752 | |||||
Sources (i+ii+iii+iv-v) | |||||||||||||
(i) | Net RBI credit to Government | 1,20,102 | 1,02,035 | –14,194 | –12.2 | 11,939 | 7.8 | –18,067 | –15.0 | –2,575 | –1.5 | –62,082 | –37.8 |
of which : to Centre | 1,16,015 | 99,183 | –14,236 | 17,303 | –16,832 | –3,222 | –59,504 | ||||||
(ii) | RBI credit to banks & comm. sector | 10,208 | 7,728 | –917 | –10.6 | –7,191 | –43.1 | –2,481 | –24.3 | –6,869 | –42.0 | –1,758 | –18.5 |
o/w : to banks (includes NABARD) | 7,160 | 4,841 | –828 | –4,196 | –2,319 | –1,342 | –1,710 | ||||||
(iii) | Net foreign exchange assets of RBI | 3,58,244 | 3,83,517 | 2,564 | 0.7 | 19,167 | 7.3 | 25,274 | 7.1 | 77,649 | 37.8 | 1,00,382 | 35.5 |
(iv) | Govt.'s currency liabilities to the public | 7,071 | 7,073 | — | 168 | 1 | 969 | 538 | |||||
(v) | Net non-monetary liabilities of RBI | 1,26,564 | 1,26,056 | –667 | 18,781 | –508 | 31,220 | 6,055 | |||||
Government Balances as on March 31, 2003 are before closure of accounts. | |||||||||||||
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