M3 money supply increased 16.4% y/y as on July 29.

By bne IntelliNews August 12, 2011
India's M3 money supply increased 16.4% y/y as on July 29 this year, as compared to the growth of 16.7% y/y recorded two weeks earlier. As reported by Dow Jones International News, according to data released by the central bank, the M3 money supply, which includes currency in circulation, bank deposits and other deposits with the central bank, was recorded at INR 67.98trn during the period.

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