Business Standard

Monday, December 23, 2024 | 07:47 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Currency In Circulation Rises 11.50% On Year

Image

Capital Market
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%.

Powered by Capital Market - Live News

 

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 15 2021 | 9:39 AM IST

Explore News