The Reserve Bank Of India (RBI) has reported that currency in circulation fell by 0.30% on the week to stand at Rs 34.78 lakh crore as on May 19, 2023. The central bank stated further that the overall reserve money also contracted by 0.10% on the week to Rs 44.59 lakh crore. Currency in circulation moved up 7.8% on a year ago basis compared to 8.8% growth at the same time last year. In the current fiscal, the currency in circulation has gone up by 2.9% so far while the reserve money has gained by 3.4%.
Powered by Capital Market - Live News