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Soaring Money Supply

Economic and Political Weekly
Vol. 27, No. 24/25 (Jun. 13-20, 1992), pp. 1241-1242
Stable URL: http://www.jstor.org/stable/4398503
Page Count: 2
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Abstract

While money supply expansion in 1991-92 exceeded that in the previous year in absolute as well as percentage terms, recession in manufacturing and growing disintermediation with companies accessing the money market directly resulted in deceleration of growth of bank credit to the commercial sector and the lowest ever non-food credit/deposit ratio since bank nationalisation.

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