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Cash in use 26% less than November 8 levels

Cash in use 26% less than November 8 levels

Monday, April 10, 2017, 7:17 AM

Cash levels in the economy remained at least 26% less than what they were before demonetisation as policy makers are keeping close watch on the new currency that’s flooding the system. Weekly cash withdrawals have slowed down after the caps on withdrawals were lifted early March. The surge in digital payments whether government-driven UPI, or private ones is also helping people withdraw less cash.
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