ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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MONEY AND BANKING-Faster Monetary Expansion

Faster Monetary Expansion CONTRARY to the trend in the previous fiscal year, the expansion in money stock M, accelerated both in absolute and in percentage terms in the first four months of the fiscal year 1988-89, to Rs 1,886 crore or by 3.3 per cent from Rs 298 crore or by 0.6 per cent in the same period of 1987-88. Both currency and demand deposits shared in the expansion. While demand deposits by expanding by Rs 1,037 crore contributed 55 per cent, currency with a rise of Rs 866 crore contributed 46 per cent towards the expansion of money stock.

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