M3 money supply grew 13% y/y as on November 2.

By bne IntelliNews November 16, 2012
India's M3 money supply grew 13% y/y as on November 2 this year, as compared to the growth of 16.5% y/y registered during the same period a year earlier. As reported by Reuters News, the central bank stated that the money supply was recorded at INR 79,476.2bn during the period, as compared to INR 79,003.1bn registered as on October 19. The reserve money increased 1.1% y/y as on November 9, as compared to the growth of 13.2% y/y posted during the period a year ago.

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