Bloomberg News

India’s M3 Money Supply Rose 14.4% in Year Ended Oct. 21

November 02, 2011

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.

To contact the editor responsible for this story: Hari Govind at hgovind@bloomberg.net


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