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currency in circulation News
currency in circulation
Future of Cash: What latest RBI document says about currency in circulation
Thu, May 16, 2019
The Reserve Bank of India expects the currency in circulation to come significantly down in the next two years.
Did RBI consciously stop printing Rs 2000 currency notes?
Thu, Dec 21, 2017
If we look the RBI' annual report data closely, it indicates that the central bank printed heavily Rs 500 denominations but slowed down on Rs 2,000 denominations.
1-year of demonetisation: Did India see a cash-less economy?
Wed, Nov 08, 2017
November 08,2017, comes as a very special day for PM Narendra Modi and his government has it marks the one year anniversary of their biggest reform "Demonetisation" or commonly known as notebandi.
Fall out of Demonetisation on predicted lines: Jaitley
Thu, Aug 31, 2017
A day after the Reserve Bank said that almost all of the demonetised currency came back into the system, Jaitley said the fact that money got deposited in banks does not mean that all of it is legitimate money.
Rs 2,000 notes won't be 'demonetised'; New Rs 200, Rs 50 notes on the way
Thu, Aug 24, 2017
FM Jaitley ruled out all allegation which stated that Rs 2,000 notes will be ban on August 23, 2017. However, Rs 200 and new Rs 50 notes will be out soon in the market.
Here’s how much it cost the government to make Rs 2000 notes
Thu, Jul 27, 2017
It took the RBI eight months to restore currency circulation to pre-demonetisation era. Zeebiz analyses cost to print old Rs 1000 and Rs 500 notes and new notes by the government.
RBI says 83% currency remonetised but does it really matter?
Thu, Jun 08, 2017
The after-effects of demonetisation are still not over. RBI is yet to announce the total currency that found its way back to the banks between November 9 2016 and December 31, 2016. However, RBI said that currency to the tune of 82% of pre-demonetisation levels have been pumped in the economy.
RBI's bi-monthly monetary policy: Instead of a rate cut, analysts expect these changes
Wed, Jun 07, 2017
RBI is set to announce second bi-monthly monetary policy statement on June 07.Analysts expects the central bank to once again keep repo rate unchanged but sees changes in its economic stance.
GDP growth rate at 2 year low; RBI's action in next policy will be keenly watched
Thu, Jun 01, 2017
India's GDP data for Q4FY17 dropped to a two year low. Now the next trigger would be RBI's action on Indian economy during second monetary policy meet.
Q4FY17 GDP at 6.1% but some sectors defied demonetisation impact
Thu, Jun 01, 2017
India's GDP numbers were at 6.1% in Q4FY17 – indicating a strong demonetisation impact. Difference between nominal and real GVA reflects slowdown was due to higher deflator.
Why are ATMs in India suddenly running dry again?
Fri, Apr 21, 2017
As per LocalCircles survey, from April 13 - April 16, nearly 46% of Indian citizens could not find ATMs dispensing cash. In the first week of April 2017, about 36% of citizen has reported the similar problem.
Digital payments in India reverse trend, grow in March
Wed, Apr 19, 2017
Vivek Kaul, author of Easy Money trilogy said, "There is a seasonality factor as well. March is the last month of the financial year and digital payments seem to go up during the course of the month, as people pay their taxes (advance income tax and service tax) as well as settle business payments between them."
While currency in circulation improved, ATMs still run dry
Tue, Apr 11, 2017
The survey stated, RBI's move in lifting up withdrawal limit on March 13, 2017, could have attributed to the happenings.
Two reasons why RBI shouldn't print entire demonetised currency
Fri, Mar 31, 2017
Currency in circulation as on March 24, 2017, was Rs 13.12 lakh crore, Rs 4.85 lakh crore less from total currency of Rs 17.97 lakh crore which stood at pre-demonetisation level.
India's less-cash dream is still a decade away?
Tue, Feb 21, 2017
Suvodeep Rakshit, Upasna Bhardwaj and Madhavi Arora analysts at Kotak Institutional Equities said, “After the initial surge in the volume of electronic payments in November-December, the trend seems to be normalising in January and February.”
Demonetisation 'biggest scam of 2016': Chidambaram
Sun, Feb 12, 2017
"I am sorry to make the prediction that 2016-17 will end with growth (rate) between 6 and 6.5 per cent, a good one per cent down from the earlier estimate and that means a hit of Rs 1.5 lakh crore on GDP. The GDP this year is Rs 150 lakh crore, so one per cent hit is Rs 1.5 lakh crore," Chidambaram said at a function here today.
Demonetisation: Can normalcy return in the next two months?
Mon, Dec 19, 2016
SBI believes that introduction of Rs 500 currency notes in large numbers will fill the much needed vacuum of serving as the medium of exchange in between Rs 100 and Rs 2000 rupee notes.
Rs 11.85 lakh crore old notes have come back in the system, says RBI
Wed, Dec 07, 2016
While the Reserve Bank of India (RBI) on Wednesday did not change the existing Repo and reverse repro rate, Urjit Patel, RBI governor said that Rs 11.85 lakh crore has come back into the system.