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# | Aug. 1# | Amount | % | Amount | % | Amount | % | Amount | % | Amount | % | |
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | |
Reserve Money | 3,69,061 | 3,65,262 | –14,229 | –3.7 | –6,057 | –1.8 | –3,800 | –1.0 | 31,284 | 10.4 | 33,348 | 10.0 | |
Components (i+ii+iii) | |||||||||||||
(i) | Currency in circulation | 2,82,473 | 2,93,960 | –1,852 | –0.6 | 9,113 | 3.6 | 11,487 | 4.1 | 30,122 | 13.1 | 33,873 | 13.0 |
(ii) | Bankers' deposits with RBI | 83,346 | 65,924 | –12,917 | –16.4 | –15,949 | –19.0 | –17,422 | –20.9 | 1,058 | 1.6 | –2,274 | –3.3 |
(iii) | "Other" deposits with RBI | 3,242 | 5,378 | 540 | 779 | 2,136 | 103 | 1,749 | |||||
Sources (i+ii+iii+iv-v) | |||||||||||||
(i) | Net RBI credit to Government | 1,20,679 | 80,564 | –16,143 | –16.7 | –7,996 | –5.3 | –40,116 | –33.2 | –20,202 | –12.3 | –63,619 | –44.1 |
of which : to Centre | 1,12,985 | 78,176 | –15,396 | –820 | –34,809 | –20,083 | –62,388 | ||||||
(ii) | RBI credit to banks & comm. sector | 10,208 | 5,791 | –1,634 | –22.0 | –7,954 | –47.7 | –4,418 | –43.3 | –7,358 | –45.8 | –2,932 | –33.6 |
o/w : to banks (includes NABARD) | 7,160 | 2,834 | –1,646 | –4,941 | –4,326 | –1,943 | –2,973 | ||||||
(iii) | Net foreign exchange assets of RBI | 3,58,244 | 3,90,926 | –1,058 | –0.3 | 28,585 | 10.8 | 32,682 | 9.1 | 86,253 | 41.8 | 98,373 | 33.6 |
(iv) | Govt.'s currency liabilities to the public | 7,071 | 7,073 | — | 300 | 1 | 1,026 | 407 | |||||
(v) | Net non-monetary liabilities of RBI | 1,27,141 | 1,19,092 | –4,606 | 18,992 | –8,050 | 28,435 | –1,120 | |||||
Government Balances as on March 31, 2003 are after closure of accounts. | |||||||||||||
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