India's Money Supply Gains 10.70% On Year

India's total Money Supply (M3) stood at Rs 19168056 crore as on June 18th 2021, recording a rise of 10.70% over the same time last year. Money supply is up 1.7% so far in this fiscal. Currency with the public stood at Rs 2887414 crore, up 12.5% over the year. Demand deposits with banks were up 20.1% at Rs 1889371 crore. Time deposits with banks jumped 9.1% at Rs 14341076 crore. The bank credit to commercial sector edged up 6% on year to Rs 11551981 crores.

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