Currency in circulation gains 1% on weekly basis

The Reserve Bank of India (RBI) has reported that currency in circulation rose 1% on the week to stand at Rs 35.68 lakh crore as on April 12, 2024. The central bank stated further that the overall reserve money also jumped by 1.62% on the week to Rs 46.88 lakh crore. Currency in circulation rose 3.8% on a year ago basis compared to 7.4% rise at the same time last year. In the current fiscal, the currency in circulation has edged up 1.5% so far while the reserve money has added 0.1%.

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