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RBI Reports Strong Growth In Currency Circulation And Reserve Money; Proposes New NBFC Threshold
The Reserve Bank of India (RBI) announced that currency in circulation rose by Rs 356.51 billion to Rs 41.68 trillion in the week ending March 31, marking 11.9% year-on-year growth versus 6.1% a year ago. Reserve money grew 6% year-on-year, while RBI proposed Rs 1 trillion asset size for NBFCs to qualify as upper layer.
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