Notes in circulation go up on account of precautionary holding of cash amid pandemic: RBI

The value and volume of banknotes in circulation increased by 16.8 per cent and 7.2 per cent, respectively, during 2020-21, as against an increase of 14.7 per cent and 6.6 per cent, respectively, witnessed during 2019-20, said the RBI annual report.

from Economy-News-Economic Times https://ift.tt/34kYoIC