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Weekly Statistical Supplement


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Date : Oct 03, 1998
7. Money Stock : Components and Sources
 
 
 
 
 
 
 
 
 
 
 
(Rs. crore)
    Outstanding   Variation over
    as on
 
 
 
 
 
 
 
 
 
  Item           Financial year so far
   
    1998
  Fortnight
1997-98
1998-99
  Year
 
 
 
Mar. 31#
Sept. 11#
 
Amount
%
Amount
%
Amount
%
Amount
%
 
1
2
3
 
4
5
6
7
8
9
10
11
M3   8,25,389 8,86,535 @ 4,936 0.6 40,432 5.8 61,145 7.4 1,44,254 19.4
Components (i+ii+iii+iv)                      
(i) Currency with the Public 1,45,182 1,52,877   3,196 2.1 7,984 6.0 7,695 5.3 12,806 9.1
(ii) Demand deposits with                      
  banks 1,18,435 1,10,931   -393 -0.4 -6,909 -6.6 -7,504 -6.3 12,507 12.7
(iii) Time deposits with banks 5,58,167 6,19,036 @ 3,200 0.5 38,619 8.4 60,868 10.9 1,19,183 23.8
(iv) "Other" deposits with                      
  Reserve Bank 3,604 3,690   -1,066   738   86   -242  
Sources (i+ii+iii+iv-v)                      
(i) Net bank credit to                      
  Government (a+b) 3,30,619 3,69,863   6,368 1.8 24,364 8.4 39,244 11.9 56,879 18.2
  (a) Reserve Bank 1,35,160 1,46,669   6,033   -9,258   11,509   31,746  
  (b) Other Banks 1,95,460 2,23,194   335   33,622   27,735   25,134  
                         
(ii) Bank credit to commercial                      
  sector (a+b) 4,32,190 4,32,440   -1,285 -0.3 -1,035 -0.3 250 0.1 57,167 15.2
  (a) Reserve Bank 8,186 8,167   -33   1,549   -18   371  
  (b) Other Banks 4,24,004 4,24,272   -1,252   -2,585   268   56,797  
                         
(iii) Net foreign exchange assets                      
  of banking sector 1,26,569 1,34,066   5,909 4.6 12,056 11.4 7,497 5.9 16,514 14.0
(iv) Government's currency                      
  liabilities to the public 3,120 3,241   -   180   121   143  
(v) Banking sector's net non-                      
  monetary liabilities                      
  other than time deposits 67,110 53,075   6,056   -4,868   -14,034   -13,551  
  of which : Net non-monetary                      
 
liabilities of R.B.I.
43,219
55,139
 
1,335
 
-296
 
11,920
 
20,251
 
@ : Includes Rs. 17,945 crore on account of proceeds from Resurgent India Bonds (RIBs). Excluding these proceeds, the year-on-year M3 growth rate in column 11 would work out to be 17.0 per cent.

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