Currency In Circulation Up Nearly 10% This Fiscal

The Reserve Bank Of India (RBI) reported yesterday that currency in circulation rose 0.5% on the week to stand at Rs 26.86 lakh crore as on August 7th 2020. The central bank stated further that the overall reserve money grew by 0.20% on the week to Rs 31.87 lakh crore. Currency in circulation rose around 22.4% on a year ago basis compared to 13.3% rise at the same time last year. In the current fiscal, the currency in circulation has gone up by 9.8% so far while the reserve money has increased by 5.2%.

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