Table 6.2: Money Stock: Components and Sources									(Rupees crore)
		Outstanding	Variations
		as on	Over the Month	Over the Year		Fiscal Year So Far		Full Financial Year
		25-Jul-25		2023	2024	2024-25	2025-26	2022-23	2023-24	2024-25
	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)
	M3	28138916	-91178	2263558	2465403	733652	852327	1958274	2487858	2346728
			(-0.3)	(9.7)	(9.6)	(2.9)	(3.1)	(9.6)	(11.1)	(9.4)
	Components
	Curency with the Public	3707049	-15243	210186	280960	15813	76297	240747	133840	220476
			(-0.4)	(6.5)	(8.2)	(0.5)	(2.1)	(7.9)	(4.1)	(6.5)
	Aggregate Deposits	24324224	-74881	2033271	2168025	721151	781694	1698210	2337242	2107482
			(-0.3)	(10.1)	(9.8)	(3.4)	(3.3)	(9.8)	(12.2)	(9.8)
	Demand Deposits	3018664	-196711	189335	431251	525	178642	107607	266290	253134
			(-6.1)	(7.9)	(16.7)	(0.0)	(6.3)	(4.9)	(11.5)	(9.8)
	Time Deposits	21305560	121830	1843936	1736774	720626	603052	1590603	2070952	1854348
			(0.6)	(10.4)	(8.9)	(3.8)	(2.9)	(10.5)	(12.3)	(9.8)
	Other deposits with RBI	107642	-1055	20101	16418	-3312	-5664	19318	16774	18770
			(-1.0)	(28.3)	(18.0)	(-3.5)	(-5.0)	(33.1)	(21.6)	(19.9)
	Sources of Change
	Net Bank credit to Government	8541325	21292	340767	863113	74642	30500	779460	346481	907255
			(0.2)	(4.6)	(11.2)	(1.0)	(0.4)	(12.0)	(4.8)	(11.9)
	Reserve Bank of India	1502150	-11211	-136175	441240	-132303	-5955	529	-257913	314892
			(-0.7)	(-11.4)	(41.6	(-11.1)	(-0.4)	(0.0	(-17.8)	(26.4
	Other Banks	6688983	-317689	476942	421872	206944	36455	465192	567942	592361
			(-4.5)	(8.2)	(6.7)	(3.4)	(0.5)	(9.3)	(10.3)	(9.8)
	Bank Credit to Commercial Sector	19301475	21206	2051932	1723658	374986	233347	2343803	2242508	1865297
			(0.1)	(13.2)	(9.8)	(2.2)	(1.2)	(18.6)	(15.0)	(10.8)
	Reserve Bank of India	12383	3354	5791	1448	-3471	-25862	9979	-12143	23839
			(37.1)	(112.6)	(13.2)	(-24.1)	(-67.6)	(60.2)	(-45.7)	(165.5)
	Other Banks	19289092	17852	2046141	1722209	378457	259209	2333823	2254653	1841457
			(0.1)	(13.2)	(9.8)	(2.2)	(1.4)	(18.5)	(15.1)	(10.7)
	Net foreign exchange assets	6467260	150007	757966	666506	233250	318732	57963	655479	581024
	of banking sector		(2.4)	(15.0)	(11.5)	(4.2)	(5.2)	(1.2)	(13.3)	(10.4)
	Govt's currency liabilities	37652	361	3158	3346	3158	1020	3191	-2050	5484
			(1.0)	(10.1)	(9.8)	(10.1)	(2.8)	(10.6)	(-6.2)	(17.6)
	Banking sectors net non-	6208796	284044	890265	791219	-49900	-268728	1225222	759759	1010047
	monetary liabilities		(4.8)	(19.7)	(14.6)	(-0.9)	(-4.1)	(35.2)	(16.1)	(18.5)
	Net non-monetary	2235868	67224	174488	517228	-71494	88441	279325	202309	357293
	liabilities of RBI		(3.1)	(11.3)	(30.1)	(-4.0)	(4.1)	(21.3)	(12.7)	(20.0)
	Note: Figures within brackets represent variations in percentages
	Our online database `EPWRF India Time Series’, covers as many as 42 vital statistics on the Indian economy.
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