M3 Money Supply

Date Time Left   Event Impact Previous Consensus Actual
Jan 03, 11:30  M3 Money Supply 9.9% 10.5%

M3 Money Supply

The M3 Money Supply released by the Reserve Bank of India measures all the India Rupees in circulation, encompassing notes and coins as well as money held in bank accounts. It is considered as an important indicator of inflation, as monetary expansion adds pressure to the exchange rates. An acceleration of the M3 money is considered as positive for the Rupee, whereas a decline is negative.

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