India's M3 money supply contracted by 1.4% to ₹33.3 trillion, while bank credit to the commercial sector slipped 1.1% amid ongoing liquidity absorption measures by the RBI.
RBI's weekly statistical supplement reports a decrease in gold reserves, but this is a balance sheet item and does not directly affect gold prices.
The Reserve Bank of India's latest statistical supplement shows a 1.4% contraction in M3 money supply for the fortnight ending October 15, 2026. Bank credit to the commercial sector also saw a 1.1% dip, reflecting a broader cooling in liquidity as the central bank continues its active management of market operations.
A decline in M3 money supply typically indicates a contraction in liquidity within the banking system, often resulting from reduced deposit growth or central bank policy actions to manage inflation.