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Money supply rose an annual 13.8% in two weeks to November15

India`s M3 money supply rose an annualised 13.8 percent in the two weeks to November 15, slower than 13.4 percent a year earlier, the Reserve Bank of India said on Wednesday.



Mumbai: India`s M3 money supply rose an annualised 13.8 percent in the two weeks to November 15, slower than 13.4 percent a year earlier, the Reserve Bank of India said on Wednesday.

Money supply was 90.74 trillion rupees as of November 15, compared with 90.82 trillion rupees on November 1, the central bank data showed.

The central bank said reserve money rose 9.1 percent year-on-year in the week to November 22, faster than 4.6 percent a year earlier.

Currency in circulation grew 10.9 percent year-on-year in the week to November 22, compared with 12.9 percent a year earlier.

From Zee News

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