Friday, January 18, 2019

'May need more currency as GDP size increasing'

Following demonetisation in November 2016, when the government junked high value currency notes of denominations 500 and 1,000, there was a shrinkage in currency in the system. Now, with the growth in Gross Domestic Product (GDP), "there may be a need for more currency in the system," the RBI official said during an interactive session here.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2W1ethA

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