8. Reserve Money : Components and Sources
(Rs. crore) | ||||||||||||||
Outstanding as on | Variation over | |||||||||||||
2003 | 2004 | Week | Financial year so far | Year-on-year | ||||||||||
2002-2003 | 2003-2004 | 2003 | 2004 | |||||||||||
Item | Mar. 31# | Jan. 16# | Amount | % | Amount | % | Amount | % | Amount | % | Amount | % | ||
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | ||
Reserve Money | 3,69,061 | 3,94,745 | –1,156 | –0.3 | 8,948 | 2.6 | 25,683 | 7.0 | 33,893 | 10.8 | 47,826 | 13.8 | ||
Components (i+ii+iii) | ||||||||||||||
(i) | Currency in circulation | 2,82,473 | 3,17,698 | 1,479 | 0.5 | 25,112 | 10.0 | 35,225 | 12.5 | 32,490 | 13.3 | 41,612 | 15.1 | |
(ii) | Bankers' deposits with RBI | 83,346 | 73,007 | –2,670 | –3.5 | –16,008 | –19.0 | –10,339 | –12.4 | 1,092 | 1.6 | 4,868 | 7.1 | |
(iii) | "Other" deposits with RBI | 3,242 | 4,040 | 36 | –155 | 798 | 311 | 1,346 | ||||||
Sources (i+ii+iii+iv-v) | ||||||||||||||
(i) | Net RBI credit to Government | 1,20,679 | 43,313 | –4,848 | –10.1 | –44,124 | –29.0 | –77,366 | –64.1 | –40,506 | –27.3 | –64,740 | –59.9 | |
of which : to Centre | 1,12,985 | 36,919 | –3,540 | –39,973 | –76,066 | –40,775 | –64,492 | |||||||
(ii) | RBI credit to banks & comm. sector | 10,208 | 5,322 | –399 | –7.0 | –5,931 | –35.6 | –4,886 | –47.9 | –9,429 | –46.7 | –5,424 | –50.5 | |
o/w : to banks (includes NABARD) | 7,160 | 3,252 | –312 | –3,695 | –3,908 | –4,136 | –3,801 | |||||||
(iii) | Net foreign exchange assets of RBI | 3,58,244 | 4,68,745 | –3,671 | –0.8 | 83,095 | 31.5 | 1,10,501 | 30.8 | 1,09,430 | 46.0 | 1,21,680 | ||
(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 | 1,29,876 | –7,762 | 24,672 | 2,734 | 26,473 | 3,983 | ||||||
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