BusinessCurrency With Public Surges To Over Rs 18 Lakh Crore. Ten Things To Know
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Currency With Public Surges To Over Rs 18 Lakh Crore. Ten Things To Know
Currency in circulation has now soared to over Rs 19.3 lakh crore
Total money supply (M3) stands at over Rs 140 lakh crore: RBI data
During demonetisation, 98.96% of scrapped notes were returned to banks
Currency with the public rose to close to Rs 16.7 lakh crore by May 2016
Currency with the public has reached a record high level of over Rs 18.5 lakh crore, more than double from a low of about Rs 7.8 lakh crore it had hit post-demonetisation decision in late 2016, as per RBI data. At the same time, the total currency put in circulation by the Reserve Bank of India (RBI) has also more than doubled to over Rs 19.3 lakh crore -- from a low of about Rs 8.9 lakh crore post-demonetisation. The total money sup...