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Demonetisation effect: Demand for cash rises 7%, says RBI

Tuesday, May 22, 2018, 8:15 AM

Peoples demand for cash continues to head northwards compared to pre-demonetisation levels despite the frequency of digital transactions going up and a substantial increase in bank deposits since November 2016. Currency with the public, or peoples demand for cash or currency, is 7% higher at Rs 18.25 trillion at the end of April compared to Rs 17 trillion at the beginning of November 2016.