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Cash demand was falling even before note ban, suggests RBI data

The 'currency with the public' component of the money supply grew at a declining rate during the first six months of 2016, and thereafter grew negative

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Cash Demand

Advait Rao Palepu  |  Mumbai 



Reserve Bank of India

Even before demonetisation was announced, demand for cash from the public had been reducing month by month, indicating that people were either battling a slowdown or their preferences were shifting to digital payments, an analysis of the Reserve Bank of India (RBI) data shows.

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First Published: Mon, January 08 2018. 23:30 IST

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