RBI and types of Money

The rupee is getting weaker against the dollar and RBI likely stepped in to sell dollars via state-run banks in early trade on Monday after the rupee opened weaker on global risk-off sentiment. The rupee is trading at 53.46.

In the mean time just thought of sharing some basics from RBI : –

Narrow Money (M1) This is a fortnightly compilation. It consists of:

  1. Currency notes and coins with the public (Excluding cash on hand of all banks). Continue reading “RBI and types of Money”