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India's June 14 money supply up 12.2 pct y/y - cbank

Source : REUTERS
Last Updated: Wed, Jun 26, 2013 09:00 hrs

MUMBAI, June 26 (Reuters) - India's M3 money supply rose an annualised 12.2 percent in the two weeks to June 14, slower than 14.4 percent a year earlier, the Reserve Bank of India said on Wednesday.

Money supply was 85.93 trillion rupees ($1.43 trillion) as of June 14, compared with 85.94 trillion rupees on May 31, central bank data showed.

The Reserve Bank of India said year-on-year reserve money rose 5.6 percent in the week to June 21, compared with 7.2 percent a year earlier.

It also said currency in circulation rose 9.1 percent year-on-year in the week to June 21, compared with 13.8 percent a year earlier. ($1 = 59.9 rupees) (Reporting by Shamik Paul; Editing by Anand Basu)

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