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India calms cash crunch worries, will ensure adequate currency supply

Reuters  |  MUMBAI 

By Suvashree ChoudhuryMUMBAI (Reuters) - The government and the Reserve Bank of India said on Tuesday they will ensure there is an adequate amount of cash in circulation, following reports that banks' automated teller machines (ATMs) had run out of notes in different parts of the country.The RBI said it had ramped up printing of notes despite having sufficient cash in its vaults and currency chests."As a matter of abundant precaution, RBI is also taking steps to move currency to areas which are witnessing unusually large cash withdrawals," the central bank said in a statement late on ...

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First Published: Tue, April 17 2018. 22:18 IST