{
 "name": "India Reserve Money (M0) — Components & Sources",
 "unit": "INR lakh crore",
 "m0_2024_25_approx_lakh_crore": 47,
 "dashboard": "https://bankpulse.ai/dashboards/reserve-money/",
 "source": "RBI Weekly Statistical Supplement, rbi.org.in",
 "reviewed_by": "Vikram Jain",
 "license": "https://creativecommons.org/licenses/by/4.0/",
 "updated": "2026-06-19T04:02:09+05:30",
 "dateModified": "2026-06-19T04:02:09+05:30",
 "components_approx_share_pct": [
  {
   "component": "Currency in circulation",
   "share_pct": 77.0
  },
  {
   "component": "Bankers' deposits with the RBI (incl. CRR)",
   "share_pct": 21.0
  },
  {
   "component": "'Other' deposits with the RBI",
   "share_pct": 2.0
  }
 ],
 "sources_of_reserve_money": [
  {
   "source": "Net foreign assets of the RBI",
   "note": "Largest source in recent years — RBI's foreign-exchange reserves, which expand reserve money when the RBI buys forex."
  },
  {
   "source": "Net RBI credit to the Government",
   "note": "RBI's net claims on the centre & states; swings with the RBI's holdings of government securities and the centre's cash balances."
  },
  {
   "source": "RBI credit to banks & the commercial sector",
   "note": "Liquidity injected to banks via the LAF / repo and refinance — variable and often small."
  },
  {
   "source": "Government's currency liabilities to the public",
   "note": "Coins issued on government account — a small, slow-moving item."
  },
  {
   "source": "Less: Net non-monetary liabilities of the RBI",
   "note": "A subtracting item (RBI's capital, reserves & other liabilities) that reduces reserve money."
  }
 ]
}