Reserve Bank Of India (RBI) reported that currency in circulation decreased by 0.80% on the week to stand at Rs 21.90 trillion as on 12th July 2019. The central bank noted further that the overall reserve money rose by 0.2% on the week to Rs 27.90 trillion.
Currency in circulation rose 13% on a year ago basis compared to 25.1% at the same time last year. In the current fiscal, the currency in circulation has grown by 2.4% while the reserve money has grown by just 0.8%.
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