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Our Bureau

Mumbai , Aug. 7

BANK credit declined by Rs 967 crore for the fortnight ended July 23 to touch Rs 8,83,279 crore, against Rs 882,312 crore for the fortnight ended July 9. The food credit declined by Rs 896 crore to touch Rs 42,561 crore compared with a rise of 396 crore the previous fortnight. Meanwhile, the non-food credit jumped by Rs 1,863 crore to Rs 8,40,718 crore as against past week's jump of over Rs 4,500 crore.

Total accommodation provided by scheduled commercial banks to commercial sector in the form of bank credit and investments in shares or debentures or bonds or commercial papers increased by Rs 33,254 crore to touch Rs 927,368 crore for the fortnight ended July 23.

The country's M3 money supply growth rate was at the rate of 15.50 per cent during the year to July 25, compared to 15.30 per cent, the previous fortnight.

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