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Despite withdrawal of Rs 2,000 notes, cash in circulation more than doubles since FY17

India Business News: The amount of cash in circulation in India has more than doubled since the year of demonetisation and the launch of UPI, despite the removal of Rs 200 ....

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UPI: Cash in circulation more than doubles since FY17 on consumption demand

The currency in circulation has more than doubled from Rs 13.35 lakh crore in March 2017 to Rs 35.15 lakh crore in end March 2024. Significantly the currency in circulation has happened despite the central bank deciding to withdraw the Rs 2000 denomination banknotes from circulation from May 2023 which resulted in the central bank getting 97.83 percent of Rs 3.56 lakh crore worth notes back to the banking system. ....

United Kingdom , Uttar Pradesh , Tamil Nadu , South Africa , Anush Raghavan , Cash Management Solutions , Reserve Bank , System Consumption Report , Unfolding India , Consumption Story , West Bengal , Cms Cash Index , Digital Payments , Currency In Circulation , Hsbc Pmi , Cms Info Systems ,

UPI: Cash is king along with UPI - The Economic Times

The currency in circulation has more than doubled from Rs 13.35 lakh crore in March 2017 to Rs 35.15 crore in end March 2024. Significantly the currency in circulation has happened despite the central bank deciding to withdraw the Rs 2000 denomination banknotes from circulation from May 2023 which resulted in the central bank getting 97.83 percent of Rs 3.56 lakh crore worth notes back to the banking system. ....

South Africa , Uttar Pradesh , United Kingdom , Tamil Nadu , Anush Raghavan , Cash Management Solutions , Reserve Bank , System Consumption Report , Unfolding India , Consumption Story , West Bengal , Cms Info Systems , Cms Cash Index , Digital Payments , Currency In Circulation , Hsbc Pmi ,