8. Reserve Money : Components and Sources

RbiAnnouncementWeb

Date: March 06, 2004

(Rs. crore)

		Outstanding as on		Variation over
						Financial year so far				Year-on-year
		2003	2004	Week		2002-2003		2003-2004		2003		2004
*Item*		Mar. 31#	Feb. 27#	Amount%		Amount %		Amount%		Amount%		Amount%
1		2	3	4	5	6	7	8	9	10	11	12	13

Reserve Money		3,69,061	4,05,227	751	0.2	19,035	5.6	36,166	9.8	33,646	10.4	48,222	13.5

Components (i+ii+iii)

(i)	Currency in circulation	2,82,473	3,22,161	–958	–0.3	27,897	11.1	39,688	14.1	31,662	12.8	43,290	15.5
(ii)	Bankers' deposits with RBI	83,346	79,164	1,900	2.5	–8,680	–10.3	–4,182	–5.0	1,824	2.5	3,698	4.9
(iii)	"Other" deposits with RBI	3,242	3,902	–191		–183		659		160		1,235

Sources (i+ii+iii+iv-v)

(i)	Net RBI credit to Government	1,20,679	34,745	–2,724	–7.3	–34,776	–22.9	–85,934	–71.2	–33,194	–22.0	–82,657	–70.4
	of which : to Centre	1,12,985	30,566	54		–27,555		–82,419		–29,547		–83,263
(ii)	RBI credit to banks & comm. sector	10,208	5,146	728	16.5	–5,378	–32.2	–5,063	–49.6	–10,539	–48.3	–6,153	–54.5
	o/w : to banks (includes NABARD)	7,160	3,082	726		–3,429		–4,078		–4,664		–4,237
(iii)	Net foreign exchange assets of RBI	3,58,244	4,90,433	2,998	0.6	83,400	31.6	1,32,189	36.9	1,00,039	40.4	1,43,064	41.2
(iv)	Govt.'s currency liabilities to the public	7,071	7,240	—		670		169		798		204
(v)	Net non-monetary liabilities of RBI	1,27,141	1,32,336	252		24,882		5,195		23,458		6,235