Currency in circulation increases 17% in FY19 to Rs 21.1 trillion: RBI

Bank notes in circulation in the economy increased 17% in FY19 to Rs 21.1 trillion from Rs 18.03 trillion in FY18, the Reserve Bank of India (RBI) said in its Annual Report of 2018-19, which was released on Thursday. 

In volume terms, the bank notes in circulation increased 6.2% to 108.76 billion pieces from 102.4 billion during FY19, the RBI said in its report. The Reserve Bank follows a July-June financial year. 

The Rs 500 and Rs 2,000 bank notes constituted 82.2% of the total value of bank notes in circulation at the end of March 2019, as compared to 80.2% at