8. Reserve Money : Components and Sources
(Rs. crore) | |||||||||||||
Outstanding | Variation over | ||||||||||||
as on | Financial year so far | Year-on-year | |||||||||||
2003 | Week | 2002-2003 | 2003-2004 | 2002 | 2003 | ||||||||
Item | Mar. 31# | Aug. 8# | Amount | % | Amount | % | Amount | % | Amount | % | Amount | % | |
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | |
Reserve Money | 3,69,061 | 3,71,380 | 6,118 | 1.7 | 3,893 | 1.2 | 2,318 | 0.6 | 38,141 | 12.6 | 29,516 | 8.6 | |
Components (i+ii+iii) | |||||||||||||
(i) | Currency in circulation | 2,82,473 | 2,97,477 | 3,517 | 1.2 | 12,014 | 4.8 | 15,004 | 5.3 | 31,283 | 13.5 | 34,489 | 13.1 |
(ii) | Bankers' deposits with RBI | 83,346 | 69,466 | 3,542 | 5.4 | –8,822 | –10.5 | –13,880 | –16.7 | 6,753 | 9.8 | –5,859 | –7.8 |
(iii) | "Other" deposits with RBI | 3,242 | 4,436 | –942 | 701 | 1,194 | 105 | 885 | |||||
Sources (i+ii+iii+iv-v) | |||||||||||||
(i) | Net RBI credit to Government | 1,20,679 | 85,716 | 5,153 | 6.4 | 1,959 | 1.3 | –34,963 | –29.0 | –11,921 | –7.2 | –68,421 | –44.4 |
of which : to Centre | 1,12,985 | 82,328 | 4,152 | 8,333 | –30,657 | –11,313 | –67,389 | ||||||
(ii) | RBI credit to banks & comm. sector | 10,208 | 6,333 | 542 | 9.4 | –8,016 | –48.1 | –3,876 | –38.0 | –8,377 | –49.2 | –2,328 | –26.9 |
o/w : to banks (includes NABARD) | 7,160 | 2,885 | 51 | –5,025 | –4,275 | –3,041 | –2,838 | ||||||
(iii) | Net foreign exchange assets of RBI | 3,58,244 | 3,91,241 | 315 | 0.1 | 28,124 | 10.7 | 32,997 | 9.2 | 84,175 | 40.5 | 99,148 | 33.9 |
(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 | 1,18,983 | –109 | 18,474 | –8,158 | 26,762 | –710 | |||||
Government Balances as on March 31, 2003 are after closure of accounts. | |||||||||||||
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