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India's Aug 23 money supply up 12.2 pct y/y - cbank

Source : REUTERS
Last Updated: Wed, Sep 04, 2013 10:30 hrs

MUMBAI, Sept 4 (Reuters) - India's M3 money supply rose an annualised 12.2 percent in the two weeks to Aug. 23, slower than 14.1 percent a year earlier, the Reserve Bank of India said on Wednesday.

Money supply was 87.74 trillion rupees ($1.3 trillion) as of Aug. 23, compared with 87.70 trillion rupees on Aug. 9, the central bank data showed.

The central bank said year-on-year reserve money rose 7.1 percent in the week to Aug. 30, from 5.7 percent a year earlier.

It also said currency in circulation rose 9 percent year-on-year in the week to Aug. 30, compared with 11.9 percent a year earlier. ($1 = 67.2 rupees) (Reporting by Suvashree Dey Choudhury; Editing by Subhranshu Sahu)



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