The Reserve Bank of India (RBI) reported an increase of ₹120.14 billion in currency in circulation, bringing the total to ₹38.62 trillion in the week ending November 21, 2025. This marks an 8.6% year-on-year growth, surpassing last year’s 6% rise during the comparable period.
In its weekly update, the Reserve Bank of India (RBI) revealed that the total currency in circulation rose by ₹120.14 billion, reaching ₹38.62 trillion as of November 21, 2025. This reflects sustained demand for cash in the economy, especially ahead of the festive season and the approaching financial year-end.
The year-on-year (YoY) increase in currency circulation stood at 8.6%, a notable uptick when compared to the 6% growth witnessed during the corresponding week in the previous year. This data indicates a healthy liquidity position and consumer confidence despite ongoing macroeconomic challenges.
The growth in currency circulation ties in with other financial sector indicators, such as stable reserve money and ongoing RBI interventions in forex markets to stabilize the rupee. The central bank continues to monitor currency circulation trends closely to balance inflation control with economic activity stimulation.
Market experts interpret this rise as a signal of robust consumer spending and transactional requirements, with implications for the broader economic outlook in India’s recovery trajectory.
Key Highlights
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Currency in circulation increased by ₹120.14 billion in week ending Nov 21, 2025
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Total currency in circulation rose to ₹38.62 trillion
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Year-on-year growth of 8.6% outpaces last year’s 6% rise during same period
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Reflects strong cash demand amid festive season and fiscal year-end preparations
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RBI continues interventions to stabilize liquidity and exchange rates
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Indicators suggest resilient consumer spending and economic activity in India
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Currency growth monitored as key input in RBI’s monetary policy decisions
Source: RBI official release, Business Standard, Economic Times.