Cash Crunh

As branches shut in the wake of shelling and security concerns post Operation Sindoor, banks are focusing on refilling ATMs to meet the surging demand for cash

These moves are explained by what economists call the impossible trinity, the idea that countries can't simultaneously control their currencies

Close to 56 per cent of the respondents polled in the survey added that around 5 to 25 per cent of their monthly household purchases

The failure to slash stressed assets is undermining India's efforts to revive economic growth that has cooled to a six-year low

The number of ATMs in the country peaked in July 2017 and has been in decline ever since