Demonetisation impact contained? Cash with public doubles since note ban

This is an over two-fold jump from Rs 7.8 trillion as on December 9, 2016 -- the lowest level it had seen after the announcement of the demonetisation decision

Currency with the public has reached a record high level of over Rs 18.5 trillion, more than double from a low of about Rs 7.8 trillion 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 has also more than doubled to over Rs 19.3 trillion -- from a low of about Rs 8.9 trillion post- demonetisation.
 

Currency with the public is arrived at after deducting cash with banks from total currency in circulation.
 

This high level of currency available with the public is