India's currency in circulation value 2014-2024

Published by Sandhya Keelery, Aug 30, 2024

After India declared demonetization of all 500 and 1,000 rupee notes in 2016, the currency in circulation had dropped to 13.35 trillion rupees in financial year 2017. However, the CIC increased rapidly to over 34 trillion rupees as of financial year 2024. The currency in circulation in a country is part of the total money supply chain, and it represents the physical cash that people might have in hand or stored in banks or other financial institutions.

Value of currency in circulation in India from FY 2015 to FY 2024 (in trillion Indian rupees)

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Release date

June 2024

Region

India

Survey time period

FY 2015 to FY 2024

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2022 started in April 2021 and ended in March 2022.

 
One Indian rupee is equal to 0.011 U.S. dollars and 0.010 euros (as of July 2023).

Values have been rounded for clarity.

Previous reports have been accessed for historical data.

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