February 26, 2014 / 8:47 AM / in 4 years

India cbank: Reserve money grew 8.8 pct on year in week to Feb 21

MUMBAI, Feb 26 (Reuters) - India’s reserve money rose an annualised 8.8 percent in the week to Feb. 21, faster than 7.5 percent a year earlier, the Reserve Bank of India said on Wednesday.

Currency in circulation grew 9.6 percent year-on-year in the week to Feb. 21, compared with 11.5 percent a year earlier. (Reporting by Neha Dasgupta; Editing by Sunil Nair)

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