 "cash, currency, notes, funds, investment, shares, growth, profit, loss, tax, money, income, earnings")
Currency in circulation declined in Diwali week: the first time that happened in decades and contrary to the trend in the festive season when people hoard cash for spending.
According to SBI Research, cash in circulation (CIC) dropped by Rs 7,600 crore in the Diwali week starting October 24 in Delhi. It is important note that, CIC dropped marginally by Rs 950 crore during Diwali week in 2009.
“The innovations in technology has changed the Indian payment system. Over the years, the Indian cash lead economy now has changed to smart-phone lead payment economy. A lower currency in circulation also
