India-Jan 2015: Government’s currency liabilities to the Public stood at Rs. 187.4 billion

Newsroom24x7 Desk

currencyMumbai, Jan. 8: Government’s currency liabilities to the public went up to Rs. 187.4 billion in the first week of January 2015 as compared to the total liabilities of Rs. 173.4 billion till March 31,2014.

During the financial year 2013-14, the Government’s currency liabilities to the public also rose by Rs. 15.1 billion. The government’s currency liabilities so far during the current financial year was touching Rs. 14 billion.

The Bankers’ Deposits with Reserve Bank of India in the last fiscal was Rs. 4297 billion and till January 2 during the current financial year bankers’ deposits with RBI stood at Rs. 3620.3 billion. Durng the week that was the bankes deposits with RBI dipped by Rs. 59.2 billion-which is a straight drop of 1.6 per cent.

As compared to currency to the tune of Rs. 13010.7 billion that was in circulation during the fiscal ending March 31, 2014, during the current financial year (till January 2) currency totally Rs. 13779 billion has been in circulation in India.