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    Iepr2513270515 MS

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    Bhavsar Harsh
    This document summarizes India's money supply and its components as of May 2015. It shows amounts and percentage changes in various categories of the money supply, including currency in circulation, bank deposits of various types, bank credit to the government and commercial sectors, foreign exchange assets, and other liability items. The money supply increased 2% over the past financial year and 11.3% compared to a year ago, driven primarily by growth in bank credit and foreign exchange assets.

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    Iepr2513270515 MS

    Uploaded by

    Bhavsar Harsh
    41 views1 page
    This document summarizes India's money supply and its components as of May 2015. It shows amounts and percentage changes in various categories of the money supply, including currency in circulation, bank deposits of various types, bank credit to the government and commercial sectors, foreign exchange assets, and other liability items. The money supply increased 2% over the past financial year and 11.3% compared to a year ago, driven primarily by growth in bank credit and foreign exchange assets.

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    This document summarizes India's money supply and its components as of May 2015. It shows amounts and percentage changes in various categories of the money supply, including currency in circulation, bank deposits of various types, bank credit to the government and commercial sectors, foreign exchange assets, and other liability items. The money supply increased 2% over the past financial year and 11.3% compared to a year ago, driven primarily by growth in bank credit and foreign exchange assets.

    Copyright:

    © All Rights Reserved
    41 views1 page

    Iepr2513270515 MS

    Uploaded by

    Bhavsar Harsh
    This document summarizes India's money supply and its components as of May 2015. It shows amounts and percentage changes in various categories of the money supply, including currency in circulation, bank deposits of various types, bank credit to the government and commercial sectors, foreign exchange assets, and other liability items. The money supply increased 2% over the past financial year and 11.3% compared to a year ago, driven primarily by growth in bank credit and foreign exchange assets.

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    of 1

    Statement 2 - Money Supply

    (` billion)
    Outstanding as on Variations over
    Financial year so far Year-on-year
    2015 2015 Fortnight
    2014-15 2015-16 2014 2015
    Item Mar 31 May 15 Amount % Amount % Amount % Amount % Amount %
    1 2 3 4 5 6 7 8 9 10 11 12 13
    M3 105756.8 108040.6 -434.1 -0.4 1862.1 2.0 2283.9 2.2 11531.8 13.5 11004.7 11.3

    Components (i+ii+iii+iv)
    i) Currency with the Public 13869.9 14616.2 306.0 2.1 757.5 6.1 746.3 5.4 1250.8 10.5 1400.5 10.6

    ii) Demand Deposits with Banks 8963.5 8814.7 -472.9 -5.1 16.3 0.2 -148.8 -1.7 1010.3 14.2 678.6 8.3
    iii) Time Deposits with Banks 82777.5 84508.8 -244.8 -0.3 1081.7 1.5 1731.2 2.1 9264.5 14.0 8850.8 11.7

    iv) `Other ' Deposits with Reserve Bank 145.9 101.0 -22.4 -18.2 6.5 33.3 -44.9 -30.8 6.1 30.5 74.8 285.5
    Sources (i+ii+iii+iv-v)
    i) Net Bank Credit to Government Sector (a+b) 30151.2 31749.7 207.6 0.7 325.7 1.1 1598.5 5.3 2471.5 8.7 975.3 3.2

    a) Reserve Bank 3734.1 4196.6 -101.7 -484.2 462.5 -236.8 -2306.3


    b) Other Banks 26417.1 27553.1 309.3 1.1 809.9 3.5 1136.0 4.3 2708.3 12.6 3281.6 13.5

    ii) Bank Credit to Commercial Sector (a+b) 70558.0 71155.6 -465.9 -0.7 297.4 0.5 597.5 0.8 7438.5 13.0 6405.3 9.9

    a) Reserve Bank 148.5 62.0 1.4 -9.4 -86.5 59.1 -17.0


    b) Other Banks 70409.6 71093.6 -467.3 -0.7 306.8 0.5 684.0 1.0 7379.4 12.9 6422.3 9.9

    iii) Net Foreign Exchange Assets of Banking Sector * 22021.1 23128.6 126.2 0.5 298.4 1.6 1107.4 5.0 3047.4 18.5 3590.7 18.4

    iv) Government's Currency Liabilities to the Public 194.4 194.4 - - 1.4 0.8 0.0 0.0 19.8 12.8 19.7 11.3

    v) Banking Sector's Net Non-Monetary Liabilities 17168.0 18187.6 302.0 1.7 -939.3 -4.9 1019.6 5.9 1445.4 8.6 -13.8 -0.1

    of which : Net Non-Monetary Liabilities of R.B.I. 7941.6 8790.1 189.4 2.2 -220.3 -2.6 848.5 10.7 1208.7 17.3 577.1 7.0
    * Foreign Exchange Assets includes investments in foreign currency denominated bonds issued by IIFC(UK) since March 20, 2009.
    Note : 1. Data are provisional
    2. Since July 11, 2014, monetary data reflect the impact of revised accounting framework in respect of transactions related to repo/reverse repo, term repo/ reverse repo,
    overnight variable rate repo/ reverse repo and MSF.
    3. Government balances as on March 31, 2015 are before closure of accounts.

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