Reserve Bank of India M3 Money Supply y/y

Country:
India
INR, Indian rupee
Sector:
Money
Low 9.7% 8.7%
8.7%
Last release Importance Actual Forecast
Previous
9.2%
9.7%
Next release Actual Forecast
Previous
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RBI M3 Money Supply y/y measures a percentage change in the entire money supply circulating in Indian economy, in the reference month compared to the same month a year ago. It is a direct reflection of finances in the national economy.

The M3 Money Supply includes banknotes and coins in circulation, funds on settlement and current bank accounts, demand and savings deposits, institutional money market funds, repurchase agreements and debt securities. Of different monetary aggregates, M3 is the most stable. If, for example, only the savings interest rate changes, M1 and M2 are redistributed, but M3 remains constant.

In general, a positive relationship is assumed between the growth of money supply M3 and that of inflation, economic growth and income. This means that an insufficient money supply M3 has negative influences on the other three economic variables. An increase in M3 should therefore have a positive impact on the currency, as income and inflation will also increase as a result.

Last values:

actual data

forecast

The chart of the entire available history of the "Reserve Bank of India M3 Money Supply y/y" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
13 Jan 2023
9.7%
8.7%
8.7%
30 Dec 2022
8.7%
8.9%
8.8%
16 Dec 2022
8.8%
9.0%
9.1%
2 Dec 2022
9.1%
8.3%
8.9%
18 Nov 2022
8.9%
8.4%
7.8%
4 Nov 2022
7.8%
9.1%
9.1%
21 Oct 2022
9.1%
8.8%
9.1%
7 Oct 2022
9.1%
8.7%
8.6%
23 Sep 2022
8.6%
8.9%
8.9%
9 Sep 2022
8.9%
8.6%
8.9%
26 Aug 2022
8.9%
8.5%
8.4%
12 Aug 2022
8.4%
8.2%
8.6%
29 Jul 2022
8.6%
8.4%
7.9%
15 Jul 2022
7.9%
8.3%
8.9%
1 Jul 2022
8.9%
8.2%
7.8%
17 Jun 2022
7.8%
8.7%
8.6%
3 Jun 2022
8.6%
9.0%
8.8%
20 May 2022
8.8%
9.7%
9.3%
6 May 2022
9.3%
9.9%
10.2%
22 Apr 2022
10.2%
9.2%
9.7%
8 Apr 2022
9.7%
8.8%
8.7%
25 Mar 2022
8.7%
8.8%
8.9%
11 Mar 2022
8.9%
8.8%
8.7%
25 Feb 2022
8.7%
8.7%
9.0%
11 Feb 2022
9.0%
8.7%
8.4%
28 Jan 2022
8.4%
9.5%
9.1%
14 Jan 2022
9.1%
9.6%
9.9%
31 Dec 2021
9.9%
9.2%
9.3%
17 Dec 2021
9.3%
9.3%
9.2%
3 Dec 2021
9.2%
10.2%
9.5%
19 Nov 2021
9.5%
10.3%
11.0%
5 Nov 2021
11.0%
9.8%
9.7%
22 Oct 2021
9.7%
9.6%
9.9%
8 Oct 2021
9.9%
9.3%
9.3%
24 Sep 2021
9.3%
9.4%
9.4%
10 Sep 2021
9.4%
10.0%
9.5%
27 Aug 2021
9.5%
10.2%
10.5%
13 Aug 2021
10.5%
10.3%
9.9%
30 Jul 2021
9.9%
10.4%
10.8%
16 Jul 2021
10.8%
10.4%
10.1%
2 Jul 2021
10.1%
10.3%
10.7%
18 Jun 2021
10.7%
9.9%
9.9%
4 Jun 2021
9.9%
10.0%
9.9%
21 May 2021
9.9%
10.4%
10.2%
7 May 2021
10.2%
10.9%
10.6%
23 Apr 2021
10.6%
11.5%
11.3%
9 Apr 2021
11.3%
12.2%
11.8%
26 Mar 2021
11.8%
12.7%
12.6%
12 Mar 2021
12.6%
12.7%
12.8%
26 Feb 2021
12.8%
12.3%
12.6%

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