Followers

Tuesday, August 25, 2020

Cash in circulation up 10% since lockdown

Since March 20, currency in circulation has risen to 26.9 lakh crore—a hike of 10% since the lockdown began. At the same time, the number of Rs 2000 notes in circulation has dipped sharply in two years. The preference for cash has seen year-on-year growth in currency held with the public (CwP) accelerating from 11.3% as on February 28, 2020 to 14.5% at end-March and to 21.3% by June.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3jbORJq

No comments:

Post a Comment

Sri Lanka central bank fines Indian Bank

from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Bu...