Currency In Circulation Expands By 22.4% On Year

Last Updated : Dec 31 2020 | 12:50 PM IST

The Reserve Bank Of India (RBI) has reported that currency in circulation edged up 0.1% on the week to stand at Rs 27.78 lakh crore as on December 25th 2020. The central bank stated further that the overall reserve money contracted by 0.8% on the week to Rs 33.14 lakh crore. Currency in circulation rose around 22.4% on a year ago basis compared to 12.1% growth at the same time last year. In the current fiscal, the currency in circulation has expanded by 13.5% so far while the reserve money has increased by 9.4%.

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Currency In Circulation Expands By 22.4% On Year