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Currency In Circulation Hits 5-Year High: RBI Data
Sentiment: NeutralHigh Priority
What Happened?
The Reserve Bank of India reports a 13.5% increase in currency in circulation, reaching Rs 43.46 trillion, driven by FCNR(B) deposits. Reserve money also rose to Rs 53.24 trillion.
Key points
- Currency in circulation reached Rs 43.46 trillion as of October 15, 2026.
- The growth rate of currency in circulation is the highest in five years at 13.5%.
- Reserve money increased by 10.3% to Rs 53.24 trillion.
- Banks mobilized $133 billion through FCNR(B) deposits by August 31, 2026.
- Economists expect reserve money growth to moderate as the RBI withdraws liquidity.
Key insights
- The surge in currency circulation reflects increased liquidity support from the RBI.
- Continued foreign exchange interventions may tighten liquidity further.
- The Indian economy's resilience amid global uncertainties is notable.
Why it matters
The increase in currency circulation may affect liquidity conditions in the economy.
Tags
Entities
Reserve Bank of India· OrganizationIndia· Country
Source
Times Now
