You are here: Home » News-CM » Economy » News
Business Standard

Currency In Circulation Rises 0.30% On Week

Capital Market 

The Reserve Bank Of India (RBI) reported yesterday that currency in circulation rose 0.30% on the week to stand at Rs 26.96 lakh crore as on September 11th 2020. The central bank stated further that the overall reserve money contracted by 0.3% on the week to Rs 32.06 lakh crore.

Currency in circulation rose around 22.40% on a year ago basis compared to 13% growth at the same time last year. In the current fiscal, the currency in circulation has gone up by 10.20% so far while the reserve money has increased by 5.80%.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, September 17 2020. 11:49 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU