Reserve Money Gains 1.20% On Weekly Basis

The Reserve Bank Of India (RBI) has reported that currency in circulation eased 0.2% on the week to stand at Rs 29.88 lakh crore as on November 19 2021. The central bank stated further that the overall reserve money rose by 1.20% on the week to Rs 37.67 lakh crore. Currency in circulation rose around 8% on a year ago basis compared to 22.20% growth at the same time last year. In the current fiscal, the currency in circulation has gone up by 4.7% so far while the reserve money has gained by a similar magnitude as well.

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