Reserve Money Growth Almost Flat This Fiscal Says RBI Data

Reserve Bank Of India (RBI) reported that currency in circulation increased by 0.3% on the week to stand at Rs 22.4 trillion as on 12th July 2019. The central bank noted further that the overall reserve money rose by 0.2% on the week to Rs 27.7 trillion. Currency in circulation jumped 13.3% on a year ago basis compared to 25.7% at the same time last year. In the current fiscal, the currency in circulation has grown by 3.2% while the reserve money has grown by just 0.6%.

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