Currency in circulation jumps to Rs 19,699 crore
Thursday, October 17, 2019, 11:41 AM
The week ended October 4 saw currency in circulation jump to hit Rs.22 lakh crore an increase of Rs.19,699 crore. The growth in the value of currency notes has crossed Rs.69,077 crore during the current financial year a rise of 3.2%. The last time currency in circulation had grown higher was in the week ended June 7, 2019, when total currency rose Rs.22,272 crore.
Rupee gains past 69 a dollar for the first time since April 11
Friday, June 28, 2019, 10:53 AM
The rupee strengthened in early trade on Friday to trade above 69-level against the US dollar for the first time since April-11. The local currency was trading 9-paise higher at 68.98/dollar in early trade following easing crude oil prices and weaker greenback. On the domestic front, market participants could remain cautious ahead of the important G20 meeting that is scheduled during the weekend.
Currency in circulation dips since note ban
Wednesday, March 27, 2019, 6:23 PM
Currency in circulation as percentage of GDP declined by over 1 percentage points to 10.48% in the two years after demonetisation, a finance ministry official said. "In terms of GDP, notes in circulation declined from 11.55% as on November 8, 2016, to 10.48% as on November 8, 2018, reflecting that it has actually contributed in reducing the currency in circulation," an official said.