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Nov. 2 (Bloomberg) -- Money supply in India grew 14.4 percent in the year ended Oct. 21, the central bank said in an e-mailed statement today.
M3, which mainly comprises currency in public circulation bank deposits and money invested in other saving plans, stood at 69.6 trillion rupees ($1.4 trillion) as on Oct. 21, according to the statement.
The nation’s reserve money outstanding rose 11.1 percent, or 1.38 trillion rupees, to 13.8 trillion rupees in the year to Oct. 28, the statement showed.
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