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# | Jan. 2# | Amount | % | Amount | % | Amount | % | Amount | % | Amount | % | |
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | |
Reserve Money | 3,69,061 | 3,94,680 | 2,874 | 0.7 | 5,106 | 1.5 | 25,618 | 6.9 | 34,338 | 11.1 | 51,603 | 15.0 | |
Components (i+ii+iii) | |||||||||||||
(i) | Currency in circulation | 2,82,473 | 3,12,146 | –210 | –0.1 | 20,804 | 8.3 | 29,673 | 10.5 | 30,596 | 12.7 | 40,368 | 14.9 |
(ii) | Bankers' deposits with RBI | 83,346 | 77,957 | 2,889 | 3.8 | –15,977 | –19.0 | –5,389 | –6.5 | 3,223 | 5.0 | 9,787 | 14.4 |
(iii) | "Other" deposits with RBI | 3,242 | 4,577 | 196 | 278 | 1,335 | 519 | 1,449 | |||||
Sources (i+ii+iii+iv-v) | |||||||||||||
(i) | Net RBI credit to Government | 1,20,679 | 49,572 | –1,004 | –2.0 | –42,302 | –27.8 | –71,108 | –58.9 | –39,128 | –26.3 | –60,304 | –54.9 |
of which : to Centre | 1,12,985 | 43,737 | –94 | –38,027 | –69,248 | –37,242 | –59,620 | ||||||
(ii) | RBI credit to banks & comm. sector | 10,208 | 4,789 | –535 | –10.1 | –7,174 | –43.0 | –5,420 | –53.1 | –10,475 | –52.4 | –4,714 | –49.6 |
o/w : to banks (includes NABARD) | 7,160 | 2,718 | –526 | –4,225 | –4,442 | –4,523 | –3,805 | ||||||
(iii) | Net foreign exchange assets of RBI | 3,58,244 | 4,65,465 | 6,861 | 1.5 | 75,734 | 28.7 | 1,07,222 | 29.9 | 1,06,491 | 45.7 | 1,25,763 | 37.0 |
(iv) | Govt.'s currency liabilities to the public | 7,071 | 7,240 | — | 581 | 169 | 870 | 293 | |||||
(v) | Net non-monetary liabilities of RBI | 1,27,141 | 1,32,387 | 2,447 | 21,733 | 5,246 | 23,421 | 9,435 | |||||