Currency in circulation up 6.1% on year

The Reserve Bank of India (RBI) has reported that currency in circulation rose by 0.2% on the week to stand at Rs 35.71 lakh crore as on July 5, 2024. The central bank stated further that the overall reserve money gained by 0.5% on the week to Rs 47.17 lakh crore. Currency in circulation rose 6.1% on a year ago basis compared to 4.4% rise at the same time last year. In the current fiscal, the currency in circulation has edged up by 1.7% so far while the reserve money has gained by 1.9%.