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Monetary Aggregates
Money Stock : Components and Sources (December 19, 2025)
EXCEL (
Date: Dec 19, 2025
| (₹ Crore) | ||||||||||||
| Item | Outstanding as on | Variation over | ||||||||||
| 2025 | Fortnight | Financial Year so far | Year-on-Year | |||||||||
| 2024-25 | 2025-26 | 2024 | 2025 | |||||||||
| Mar. 31 | Nov. 28 | Amount | % | Amount | % | Amount | % | Amount | % | Amount | % | |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
| M3 | 27286589 | 29136375 | 190504 | 0.7 | 1577530 | 6.3 | 1849786 | 6.8 | 2352025 | 9.7 | 2618985 | 9.9 |
| 1 Components (1.1.+1.2+1.3+1.4) | ||||||||||||
| 1.1 Currency with the Public | 3630751 | 3771710 | 20120 | 0.5 | 33942 | 1.0 | 140959 | 3.9 | 194064 | 6.0 | 327493 | 9.5 |
| 1.2 Demand Deposits with Banks | 2840023 | 3158227 | 21053 | 0.7 | 131748 | 5.1 | 318204 | 11.2 | 242885 | 9.8 | 439590 | 16.2 |
| 1.3 Time Deposits with Banks | 20702508 | 22088545 | 145032 | 0.7 | 1403384 | 7.4 | 1386036 | 6.7 | 1887668 | 10.3 | 1837000 | 9.1 |
| 1.4 ‘Other’ Deposits with Reserve Bank | 113307 | 117894 | 4298 | 3.8 | 8456 | 8.9 | 4587 | 4.0 | 27408 | 36.3 | 14901 | 14.5 |
| 2 Sources (2.1+2.2+2.3+2.4-2.5) | ||||||||||||
| 2.1 Net Bank Credit to Government | 8510825 | 8849635 | 62223 | 0.7 | 483066 | 6.4 | 338810 | 4.0 | 582637 | 7.8 | 762998 | 9.4 |
| 2.1.1 Reserve Bank | 1508105 | 1644157 | 10982 | 49133 | 136052 | 72658 | 401812 | |||||
| 2.1.2 Other Banks | 7002720 | 7205478 | 51240 | 0.7 | 433933 | 6.8 | 202758 | 2.9 | 509978 | 8.1 | 361186 | 5.3 |
| 2.2 Bank Credit to Commercial Sector | 19068129 | 20336288 | 158905 | 0.8 | 1088450 | 6.3 | 1268160 | 6.7 | 1721658 | 10.4 | 2045007 | 11.2 |
| 2.2.1 Reserve Bank | 38246 | 11701 | 1471 | -3943 | -26544 | 5232 | 1238 | |||||
| 2.2.2 Other Banks | 19029883 | 20324587 | 157434 | 0.8 | 1092393 | 6.4 | 1294704 | 6.8 | 1716425 | 10.4 | 2043769 | 11.2 |
| 2.3 Net Foreign Exchange Assets of Banking Sector | 6148527 | 6544991 | -10013 | -0.2 | 204053 | 3.7 | 396463 | 6.4 | 526998 | 10.0 | 773434 | 13.4 |
| 2.4 Government's Currency Liabilities to the Public | 36632 | 39231 | 0 | 0 | 1988 | 5.9 | 2599 | 7.1 | 3155 | 9.8 | 3812 | 10.8 |
| 2.5 Banking Sector's Net Non-Monetary Liabilities | 6477524 | 6633770 | 20611 | 0.3 | 200026 | 3.7 | 156246 | 2.4 | 482423 | 9.3 | 966266 | 17.0 |
| 2.5.1 Net Non-Monetary Liabilities of RBI | 2147427 | 2654752 | 48767 | 1.9 | 111312 | 6.2 | 507325 | 23.6 | 239583 | 14.4 | 753305 | 39.6 |
| Note: Data include the impact of merger of a non-bank with a bank w.e.f. July 14, 2023. | ||||||||||||
Analytical Accounts of Central Bank
Money Stock : Components and Sources (December 19, 2025)
Date: Dec 19, 2025
| (₹ Crore) | ||||||||||||
| Item | Outstanding as on | Variation over | ||||||||||
| 2025 | Fortnight | Financial Year so far | Year-on-Year | |||||||||
| 2024-25 | 2025-26 | 2024 | 2025 | |||||||||
| Mar. 31 | Nov. 28 | Amount | % | Amount | % | Amount | % | Amount | % | Amount | % | |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
| M3 | 27286589 | 29136375 | 190504 | 0.7 | 1577530 | 6.3 | 1849786 | 6.8 | 2352025 | 9.7 | 2618985 | 9.9 |
| 1 Components (1.1.+1.2+1.3+1.4) | ||||||||||||
| 1.1 Currency with the Public | 3630751 | 3771710 | 20120 | 0.5 | 33942 | 1.0 | 140959 | 3.9 | 194064 | 6.0 | 327493 | 9.5 |
| 1.2 Demand Deposits with Banks | 2840023 | 3158227 | 21053 | 0.7 | 131748 | 5.1 | 318204 | 11.2 | 242885 | 9.8 | 439590 | 16.2 |
| 1.3 Time Deposits with Banks | 20702508 | 22088545 | 145032 | 0.7 | 1403384 | 7.4 | 1386036 | 6.7 | 1887668 | 10.3 | 1837000 | 9.1 |
| 1.4 ‘Other’ Deposits with Reserve Bank | 113307 | 117894 | 4298 | 3.8 | 8456 | 8.9 | 4587 | 4.0 | 27408 | 36.3 | 14901 | 14.5 |
| 2 Sources (2.1+2.2+2.3+2.4-2.5) | ||||||||||||
| 2.1 Net Bank Credit to Government | 8510825 | 8849635 | 62223 | 0.7 | 483066 | 6.4 | 338810 | 4.0 | 582637 | 7.8 | 762998 | 9.4 |
| 2.1.1 Reserve Bank | 1508105 | 1644157 | 10982 | 49133 | 136052 | 72658 | 401812 | |||||
| 2.1.2 Other Banks | 7002720 | 7205478 | 51240 | 0.7 | 433933 | 6.8 | 202758 | 2.9 | 509978 | 8.1 | 361186 | 5.3 |
| 2.2 Bank Credit to Commercial Sector | 19068129 | 20336288 | 158905 | 0.8 | 1088450 | 6.3 | 1268160 | 6.7 | 1721658 | 10.4 | 2045007 | 11.2 |
| 2.2.1 Reserve Bank | 38246 | 11701 | 1471 | -3943 | -26544 | 5232 | 1238 | |||||
| 2.2.2 Other Banks | 19029883 | 20324587 | 157434 | 0.8 | 1092393 | 6.4 | 1294704 | 6.8 | 1716425 | 10.4 | 2043769 | 11.2 |
| 2.3 Net Foreign Exchange Assets of Banking Sector | 6148527 | 6544991 | -10013 | -0.2 | 204053 | 3.7 | 396463 | 6.4 | 526998 | 10.0 | 773434 | 13.4 |
| 2.4 Government's Currency Liabilities to the Public | 36632 | 39231 | 0 | 0 | 1988 | 5.9 | 2599 | 7.1 | 3155 | 9.8 | 3812 | 10.8 |
| 2.5 Banking Sector's Net Non-Monetary Liabilities | 6477524 | 6633770 | 20611 | 0.3 | 200026 | 3.7 | 156246 | 2.4 | 482423 | 9.3 | 966266 | 17.0 |
| 2.5.1 Net Non-Monetary Liabilities of RBI | 2147427 | 2654752 | 48767 | 1.9 | 111312 | 6.2 | 507325 | 23.6 | 239583 | 14.4 | 753305 | 39.6 |
| Note: Data include the impact of merger of a non-bank with a bank w.e.f. July 14, 2023. | ||||||||||||
Interest Rates
Ratios and Rates (December 19, 2025)
Date: Dec 19, 2025
| (Per cent) | ||||||
| Item/Week Ended | 2024 | 2025 | ||||
| Dec. 13 | Nov. 14 | Nov. 21 | Nov. 28 | Dec. 05 | Dec. 12 | |
| 1 | 2 | 3 | 4 | 5 | 6 | |
| Ratios | ||||||
| Cash Reserve Ratio | 4.50 | 3.25 | 3.25 | 3.25 | 3.00 | 3.00 |
| Statutory Liquidity Ratio | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 |
| Cash-Deposit Ratio | 4.85 | 3.60 | .. | 3.55 | .. | .. |
| Credit-Deposit Ratio | 79.69 | 80.40 | .. | 80.49 | .. | .. |
| Incremental Credit-Deposit Ratio | 72.49 | 74.49 | .. | 76.41 | .. | .. |
| Investment-Deposit Ratio | 29.71 | 28.37 | .. | 28.39 | .. | .. |
| Incremental Investment-Deposit Ratio | 28.27 | 9.04 | .. | 11.23 | .. | .. |
| Rates | ||||||
| Policy Repo Rate | 6.50 | 5.50 | 5.50 | 5.50 | 5.25 | 5.25 |
| Fixed Reverse Repo Rate | 3.35 | 3.35 | 3.35 | 3.35 | 3.35 | 3.35 |
| Standing Deposit Facility (SDF) Rate* | 6.25 | 5.25 | 5.25 | 5.25 | 5.00 | 5.00 |
| Marginal Standing Facility (MSF) Rate | 6.75 | 5.75 | 5.75 | 5.75 | 5.50 | 5.50 |
| Bank Rate | 6.75 | 5.75 | 5.75 | 5.75 | 5.50 | 5.50 |
| Base Rate | 9.10/10.40 | 8.35/10.00 | 8.35/10.00 | 8.35/10.00 | 8.35/10.00 | 8.35/10.00 |
| MCLR (Overnight) | 8.15/8.45 | 7.80/7.95 | 7.80/7.95 | 7.80/7.95 | 7.80/7.95 | 7.80/7.95 |
| Term Deposit Rate >1 Year | 6.00/7.25 | 5.85/6.60 | 5.85/6.60 | 5.85/6.60 | 5.85/6.60 | 5.85/6.60 |
| Savings Deposit Rate | 2.70/3.00 | 2.50 | 2.50 | 2.50 | 2.50 | 2.50 |
| Call Money Rate (Weighted Average) | 6.64 | 5.37 | 5.41 | 5.45 | 5.37 | 5.19 |
| 91-Day Treasury Bill (Primary) Yield | 6.45 | 5.43 | 5.38 | 5.36 | 5.35 | 5.27 |
| 182-Day Treasury Bill (Primary) Yield | 6.61 | 5.57 | 5.56 | 5.52 | 5.53 | 5.48 |
| 364-Day Treasury Bill (Primary) Yield | 6.58 | 5.57 | 5.56 | 5.53 | 5.55 | 5.49 |
| 10-Year G-Sec Par Yield (FBIL) | 6.74 | 6.53 | 6.56 | 6.55 | 6.55 | 6.66 |
| FBIL@Reference Rate and Forward Premia | ||||||
| INR-US$ Spot Rate (₹ Per Foreign Currency) | 84.84 | 88.74 | 88.64 | 89.46 | 89.92 | 90.39 |
| INR-Euro Spot Rate (₹ Per Foreign Currency) | 88.74 | 103.32 | 102.32 | 103.63 | 104.82 | 106.08 |
| Forward Premia of US$ 1-month | 2.29 | 1.81 | 1.86 | 2.15 | 2.92 | 3.55 |
| 3-month | 2.25 | 1.94 | 1.94 | 2.06 | 2.65 | 2.93 |
| 6-month | 2.25 | 2.10 | 2.11 | 2.21 | 2.56 | 2.84 |
| *As per Press Release No. 2022-2023/41 dated April 08, 2022. @ Financial Benchmarks India Private Limited (FBIL) has taken over from RBI, the computation and dissemination of reference rate for spot USD/INR and exchange rate of other major currencies with effect from July 10, 2018. Data on forward premia are sourced from FBIL with effect from October 13, 2023. Data include the impact of merger of a non-bank with a bank w.e.f. July 1, 2023. |
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Stock Market
BSE Sensitive Index and NSE Nifty Index of Ordinary Share Prices - Mumbai
Date: Dec 28, 2012
|
2011 |
2012 |
||||
Dec. 21 |
Dec. 17 |
Dec. 18 |
Dec. 19 |
Dec. 20 |
Dec. 21 |
|
1 |
2 |
3 |
4 |
5 |
6 |
|
BSE SENSEX (1978-79=100) |
15685.21 |
19244.42 |
19364.75 |
19476.00 |
19453.92 |
19242.00 |
S & P CNX NIFTY (3.11.1995=1000) |
4693.15 |
5857.90 |
5896.80 |
5929.60 |
5916.40 |
5847.70 |
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