8. Reserve Money : Components and Sources

RbiAnnouncementWeb

Date: March 13, 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#	Mar. 5#	Amount	%	Amount	%	Amount	%	Amount	%	Amount	%
1		2	3	4	5	6	7	8	9	10	11	12	13

Reserve Money		3,69,061	4,12,259	7,032	1.7	21,922	6.5	43,198	11.7	37,395	11.6	52,367	14.6

Components (i+ii+iii)

(i)	Currency in circulation	2,82,473	3,25,912	3,750	1.2	32,509	13.0	43,439	15.4	31,630	12.6	42,429	15.0
(ii)	Bankers' deposits with RBI	83,346	82,424	3,260	4.1	–10,224	–12.2	–922	–1.1	5,477	8.0	8,501	11.5
(iii)	"Other" deposits with RBI	3,242	3,923	21		–362		681		288		1,436

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

(i)	Net RBI credit to Government	1,20,679	36,430	1,685	4.8	–32,429	–21.3	–84,250	–69.8	–32,399	–21.3	–83,319	–69.6
	of which : to Centre	1,12,985	32,650	2,084		–27,663		–80,335		–31,466		–81,071
(ii)	RBI credit to banks & comm. sector	10,208	4,352	–794 –15.4		–5,998	–36.0	–5,857	–57.4	–6,286	–37.1	–6,327	–59.3

	o/w : to banks (includes NABARD)	7,160	2,289	–794		–3,293		–4,872		–2,589		–5,167
(iii)	Net foreign exchange assets of RBI	3,58,244	4,94,433	4,000	0.8	87,515	33.2	1,36,189	38.0	1,00,778	40.2	1,42,949	40.7
(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	1,30,195	–2,141		27,836		3,054		25,497		1,139