Currency in circulation up 6.6% on year

The Reserve Bank of India (RBI) has reported that currency in circulation rose by 0.1% on the week to stand at Rs 35.74 lakh crore as on July 12, 2024. The central bank stated further that the overall reserve money contracted by 0.8% on the week to Rs 46.81 lakh crore. Currency in circulation rose 6.6% on a year ago basis compared to 4.2% rise at the same time last year. In the current fiscal, the currency in circulation has edged up by 1.8% so far while the reserve money has gained by 1.1%.

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