RBI has for the first time skipped releasing the balance sheet for the week ended 30 June in its weekly statistical supplement, reported Economic Times. The data assumes importance because it would help understand the impact of demonetisation as circulation is a key component of the central bank’s liability. The impact on RBI’s balance sheet because of demonetisation will be known in August, when it releases its annual report. The central bank said that the numbers for 30 June will be published as part of its balance sheet in the annual report. Last week, RBI governor Urjit Patel appeared before the Standing Committee on Finance, a Parliamentary panel, to answer questions related to demonetisation deposits.

Source: Mint July 17, 2017 05:48 UTC