Cash in Circulation in India Grows at Fastest Pace in Five Years, RBI Data Shows
What Happened
India's currency in circulation reached ₹43.46 lakh crore on October 15, 2026, rising 13.5% year-on-year, according to RBI data. Reserve money increased 10.3% to ₹53.24 lakh crore. The RBI's October economic assessment identified September 30 as the point when currency growth reached a five-year high, amid liquidity injections and foreign-currency deposit inflows.
Key Takeaways
The figures show faster growth in physical currency alongside expanding reserve money. RBI liquidity measures and foreign-currency inflows supported monetary expansion, while analysts expect tighter liquidity conditions ahead.