India’s M3 Money Supply Rose 16.2% in 12 Months to Nov. 19

Money supply in India grew 16.2 percent in the year to Nov. 19, central bank data showed.

M3, which mainly comprises currency in public circulation, bank deposits and money invested in other saving plans, stood at 60.75 trillion rupees ($1.35 trillion) as of Nov. 19, the Reserve Bank of India said in an e-mailed statement in Mumbai.

To contact the reporter on this story: V Ramakrishnan in Mumbai at rvenkatarama@bloomberg.net

To contact the editor responsible for this story: James Regan at jregan19@bloomberg.net

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