Currency In Circulation Rises 11.50% On Year

The Reserve Bank Of India (RBI) has reported that currency in circulation gained by 0.4% on the week to stand at Rs 29.85 lakh crore as on July 9, 2021. The central bank stated further that the overall reserve money contracted by 0.6% on the week to Rs 37.02 lakh crore. Currency in circulation rose around 11.50% on a year ago basis compared to 21.4% growth at the same time last year. In the current fiscal, the currency in circulation has increased by 4.6% so far while the reserve money has increased by 2.9%.

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