RBI Deputy Governor Shirish Chandra Murmu said 176 billion banknotes are currently in circulation in India, despite the rapid adoption of UPI and digital payments.
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RBI Deputy Governor Shirish Chandra Murmu said 176 billion banknotes are currently in circulation in India, despite the rapid adoption of UPI and digital payments.
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The RBI is widely expected to keep the repo rate at 5.25%, shifting attention to its inflation outlook, signals on future rate increases, the rupee and liquidity.