Reserve Bank of India M3 Money Supply y/y

Country:
India
INR, Indian rupee
Sector:
Money
Low 12.0% 11.8%
11.6%
Last release Importance Actual Forecast
Previous
11.8%
12.0%
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
7 Nov 2020
12.0%
11.8%
11.6%
24 Oct 2020
11.6%
12.1%
12.1%
10 Oct 2020
12.1%
12.8%
12.2%
26 Sep 2020
12.2%
13.7%
13.4%
12 Sep 2020
13.4%
12.6%
12.6%
29 Aug 2020
12.6%
12.7%
12.6%
14 Aug 2020
12.6%
12.6%
12.7%
31 Jul 2020
12.7%
11.7%
12.4%
17 Jul 2020
12.4%
11.9%
12.4%
3 Jul 2020
12.4%
11.9%
12.3%
19 Jun 2020
12.3%
11.7%
12.4%
5 Jun 2020
12.4%
11.2%
11.7%
22 May 2020
11.7%
10.6%
11.5%
8 May 2020
11.5%
9.8%
10.7%
24 Apr 2020
10.7%
9.4%
10.2%
10 Apr 2020
10.2%
9.3%
8.8%
27 Mar 2020
8.8%
9.5%
9.5%
13 Mar 2020
9.5%
9.5%
9.4%
29 Feb 2020
9.4%
9.9%
9.6%
14 Feb 2020
9.6%
10.0%
10.2%
31 Jan 2020
10.2%
9.9%
9.9%
17 Jan 2020
9.9%
10.4%
10.1%
3 Jan 2020
10.1%
10.4%
20 Dec 2019
10.4%
10.7%
6 Dec 2019
10.7%
9.8%
22 Nov 2019
9.8%
9.9%
8 Nov 2019
9.9%
10.6%
25 Oct 2019
10.6%
10.0%
11 Oct 2019
10.0%
9.7%
27 Sep 2019
9.7%
10.1%
13 Sep 2019
10.1%
9.9%
30 Aug 2019
9.9%
10.2%
16 Aug 2019
10.2%
10.1%
2 Aug 2019
10.1%
10.6%
19 Jul 2019
10.6%
10.3%
5 Jul 2019
10.3%
10.1%
21 Jun 2019
10.1%
10.1%
7 Jun 2019
10.1%
10.3%
24 May 2019
10.3%
10.5%
10 May 2019
10.5%
10.0%
26 Apr 2019
10.0%
10.9%
12 Apr 2019
10.9%
10.6%
29 Mar 2019
10.6%
10.6%
15 Mar 2019
10.6%
10.5%
1 Mar 2019
10.5%
10.8%
15 Feb 2019
10.8%
10.4%
1 Feb 2019
10.4%
10.4%
18 Jan 2019
10.4%
10.6%
4 Jan 2019
10.6%
10.2%
21 Dec 2018
10.2%
10.5%

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