The Reserve Bank of India (RBI) has reported that currency in circulation contracted by 0.5% on the week to stand at Rs 35.11 lakh crore as on September 20, 2024. The central bank stated further that the overall reserve money contracted by 1.4% on the week to Rs 46.03 lakh crore. Currency in circulation rose 5.7% on a year ago basis compared to 4.3% rise at the same time last year. In the current fiscal, the currency in circulation contracted 0.6% so far while the reserve money has also shown a similar trend.
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First Published: Sep 26 2024 | 5:44 PM IST
