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India's Dec 28 money supply up 11.2 pct y-o-y - cbank

Source : REUTERS
Last Updated: Wed, Jan 09, 2013 09:30 hrs

MUMBAI, Jan 9 (Reuters) - India's M3 money supply rose an annualised 11.2 percent in the two weeks to Dec. 28, compared with 16.0 percent growth a year earlier, the Reserve Bank of India said on Wednesday.

Money supply was 80,319.2 billion rupees ($1.47 trillion) as of Dec. 28, compared with 79,867.4 billion rupees on Dec. 14, the central bank said.

The RBI said year-on-year reserve money grew 2.4 percent in the week to Jan.4, compared with 13.0 percent a year ago.

It also said currency in circulation grew 11.2 percent year-on-year in the week to Jan. 4, compared with 12.1 percent a year ago. ($1 = 54.8 rupees) (Reporting by Shamik Paul; Editing by Prateek Chatterjee)




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