Reserve money jumps by 1.1% on week

September 21,2023

The Reserve Bank of India (RBI) has reported that currency in circulation contracted by 0.40% on the week to stand at Rs 33.08 lakh crore as on September 15, 2023. The central bank stated further that the overall reserve money rose by 1.1% on the week to Rs 44.96 lakh crore. Currency in circulation rose by 4.1% on a year ago basis compared to 8.2% growth at the same time last year. In the current fiscal, the currency in circulation has contracted by 2.1% so far while the reserve money has edged up by 2.5%.

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