Rising economic uncertainties forced people to hoard more cash in the first four months of the calendar than they had done in the entire 2019. With the Covid-induced nationwide lockdown likely in its last leg, the time is ripe to come up with a concrete plan for economic revival and support, State Bank of India Chairman Rajnish Kumar has said.
Bigger rise in cash in circulation in Jan-Apr than entire 2019: RBI
Bigger rise in cash in circulation in Jan-Apr than entire 2019: RBI
The increase in currency in circulation between January and May 1 was Rs 2.66 trillion. In comparison, it increased by Rs 2.40 trillion in the entire 2019 (January