Reserve money contracts marginally on weekly basis

The Reserve Bank of India (RBI) has reported that currency in circulation dipped 0.2% on the week to stand at Rs 35.80 lakh crore as on June 21, 2024. The central bank stated further that the overall reserve money also fell 0.2% on the week to Rs 47.13 lakh crore. Currency in circulation rose 6.2% on a year ago basis compared to 4.8% rise at the same time last year. In the current fiscal, the currency in circulation has edged up by 2% so far while the reserve money has moved up by 1.8%.

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