Currency in circulation Subject: Economy Context: The currency in circulation declined by ₹7,600 crore in the Diwali week, making it the first such incident in two decades according to the report by economists at SBI. Causes: Greater reliance on digital payments by people-over the years, the Indian economy, which was cash led, has […]

    Currency in circulation Subject: Economy Section: Monetary Policy Context: During the financial year so far, currency with the public has gone up by 9.7 per cent, or Rs 2.66 lakh crore, from Rs 27.51 lakh crore in March 2021. Cash with the public has shot up 285 per cent from a low of […]