Reuters logo
India's March 8 money supply up 12.6 pct y-o-y - cbank
March 20, 2013 / 1:42 PM / 5 years ago

India's March 8 money supply up 12.6 pct y-o-y - cbank

MUMBAI, March 20 (Reuters) - India’s M3 money supply rose an annualised 12.6 percent in the two weeks to March 8, compared with 14.0 percent a year earlier, the Reserve Bank of India said on Wednesday.

Money supply was 82.62 trillion rupees ($1.52 trillion) as of March 8, compared with 81.53 trillion rupees on Feb. 22, the central bank data showed.

The RBI said year-on-year reserve money grew 9.1 percent in the week to March 15, compared with 5.3 percent a year earlier.

It also said currency in circulation grew 10.5 percent year-on-year in the week to March 15, compared with 12.2 percent a year earlier.

$1 = 54.4 rupees Reporting by Neha Dasgupta; Editing by Subhranshu Sahu

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below