India cbank says reserve money grew 8.9 pct on year in week to April 18

MUMBAI, April 23 Wed Apr 23, 2014 5:24am EDT

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MUMBAI, April 23 (Reuters) - India's reserve money rose an annualised 8.9 percent in the week to April 18, faster than 7.6 percent a year earlier, the Reserve Bank of India said on Wednesday.

Currency in circulation grew 9.7 percent year-on-year in the week to April 18, compared with 10.6 percent a year earlier. (Reporting by Suvashree Dey Choudhury; Editing by Subhranshu Sahu)