Reserve money contracts 1% on week
Mumbai, May 9 -- The Reserve Bank of India (RBI) has reported that currency in circulation edged up 0.1% on the week to stand at Rs 35.71 lakh crore as on May 3, 2024. The central bank stated further that the overall reserve money contracted by 1% on the week to Rs 46.85 lakh crore. Currency in circulation rose 2.7% on a year ago basis compared to 7.5% gain at the same time last year. In the current fiscal, the currency in circulation has gained by 1.6% so far while the reserve money has edged up marginally by 0.1%.
Published by HT Digital Content Services with permission from Capital Market....
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.