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India's March 8 money supply up 12.6 pct y-o-y - cbank

Source : REUTERS
Last Updated: Wed, Mar 20, 2013 12:50 hrs

MUMBAI, March 20 (Reuters) - India's M3 money supply rose an annualised 12.6 percent in the two weeks to March 8, compared with 14.0 percent a year earlier, the Reserve Bank of India said on Wednesday.

Money supply was 82.62 trillion rupees ($1.52 trillion) as of March 8, compared with 81.53 trillion rupees on Feb. 22, the central bank data showed.

The RBI said year-on-year reserve money grew 9.1 percent in the week to March 15, compared with 5.3 percent a year earlier.

It also said currency in circulation grew 10.5 percent year-on-year in the week to March 15, compared with 12.2 percent a year earlier.

($1 = 54.4 rupees) (Reporting by Neha Dasgupta; Editing by Subhranshu Sahu)



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