
Six years since note ban, cash in circulation nearly doubles to ₹31 lakh cr
The value of the total currency in March this year has gone up 89% to ₹31,05,721 crore, compared with Rs 16,41, 571 crore as of March 2016.
The value of the total currency in March this year has gone up 89% to ₹31,05,721 crore, compared with Rs 16,41, 571 crore as of March 2016.
With the increased acceptance of digital payments in the country, the over reliance on cash is slowly fading away.
India’s economy might be cruising along, but the road ahead might not be smooth.
Unlike importers, exporters can benefit from a depreciating rupee.
Finance Minister Arun Jaitley says the weakness of the rupee vis-a-vis the dollar is due to global factors and does not merit a knee-jerk reaction.