RBI Reports Rise In Currency Circulation And Money Supply Growth

The latest data reflects evolving liquidity trends in India’s financial system. While currency circulation growth has moderated, reserve money and overall money supply have shown stronger expansion, signaling shifts in monetary dynamics and demand patterns.

Currency And Reserve Money Trends
Currency in circulation grew 1.2% year-on-year in the fortnight to March 15, compared to 5.5% a year ago. Reserve money expanded 5.8% year-on-year, higher than the 3.7% growth seen in the same period last year.

Money Supply Growth
India’s year-on-year money supply growth (M3) stood at 10.7% as of March 15. This indicates robust liquidity conditions, supported by banking sector expansion and increased credit flow to the economy.

Key Highlights

• Currency in circulation up ₹566.43 billion to ₹41.32 trillion
• Growth of 1.2% year-on-year vs 5.5% last year
• Reserve money growth at 5.8% vs 3.7% a year ago
• India’s M3 money supply growth at 10.7% as of March 15
• Data reflects evolving liquidity and monetary trends

Sources: RBI statistical releases, financial media reports