Currency In Circulation Rises By 12.30% On Year

The Reserve Bank Of India (RBI) reported that currency in circulation gained by 0.6% on the week to stand at Rs 22.71 lakh crore trillion as on 8 November 2019. The central bank noted further that the overall reserve money fell marginally on the week to Rs 28.67 lakh crore. Currency in circulation rose 12.30% on a year ago basis compared to 22.30% surge at the same time last year. In the current fiscal, the currency in circulation has grown by 6.3% so far while the reserve money went up by 3.5%.

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