Reserve Bank of India M3 Money Supply y/y

Country: India, INR
Importance: Low
Sector: Money
Last release
Actual
16.7%
Forecast
Previous
14.2%
Next release
Actual
Coming in 9 days
Forecast
14.8%
Previous
16.7%
Date (GMT)
Reference
Actual
Forecast
17 Dec 2021
9.3%
9.3%
3 Dec 2021
9.2%
10.2%
19 Nov 2021
9.5%
10.3%
5 Nov 2021
11.0%
9.8%
22 Oct 2021
9.7%
9.6%
8 Oct 2021
9.9%
9.3%
24 Sep 2021
9.3%
9.4%
10 Sep 2021
9.4%
10.0%
27 Aug 2021
9.5%
10.2%
13 Aug 2021
10.5%
10.3%
30 Jul 2021
9.9%
10.4%
16 Jul 2021
10.8%
10.4%
2 Jul 2021
10.1%
10.3%
18 Jun 2021
10.7%
9.9%
4 Jun 2021
9.9%
10.0%
21 May 2021
9.9%
10.4%
7 May 2021
10.2%
10.9%
23 Apr 2021
10.6%
11.5%
9 Apr 2021
11.3%
12.2%
26 Mar 2021
11.8%
12.7%

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. In general, a positive relationship is assumed between the growth of money supply M3 and that of inflation, economic growth and income. An increase in M3 Money Supply should therefore have a positive impact on INR, as incomes and inflation will also increase as a result.