OBITUARY- Ravi Matthai

was in the currency component and the rest in deposit money, contrasting with 48 per cent expansion in currency and 52 per cent in deposit money in 1982, Though time deposits with banks rose by Rs 7,684 crore or by 17.4 per cent as compared with Rs 6,571 crore or 17.5 per cent in 1982, growth in M3 decelerated to 14.4 per cent from 16.8 per cent in 1982, reflecting the slower growth of M.