India's money supply cools off
(17:34, 26 Oct 2026)
India’s aggregate Money Supply (M3) registered at Rs 333 lakh crores as of 15 October, 2026, reflecting a decline of 1.4% over the previous fortnight. The current level demonstrates an approximate increase of 16% compared to the corresponding period last year. Currency in the hands of the public totaled Rs 42 lakh crores, showing a yearly expansion of 14.1%. Time deposits held with banks advanced 10.7% on an annual basis, reaching Rs 254 lakh crores. Bank credit extended to the commercial sector increased 17.7% year-on-year to Rs 236 lakh crores, building on an earlier annual growth rate of 11.30% in the comparable period.