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India's Money Supply Grows By 12.6% On Year

Capital Market 

India's total Money Supply (M3) stood at Rs 17647874 crores as on 28th August 2020, recording a gain of 12.6% over the same time last year. Currency with the public stood at Rs 2583042, up 24% over the year.

Demand deposits with banks were up 12.30% at Rs 1662928 crores. Time deposits with banks were also up 10.6% at Rs 13361941 crores. The bank credit to commercial sector rose 5.7% on year to Rs 10871809 crores.

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

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First Published: Mon, September 14 2020. 16:55 IST