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Rs 1.15 lakh crore more currency needed for optimal remonetisation

Rs 1.15 lakh crore more currency needed for optimal remonetisation

Friday, March 31, 2017, 5:37 PM

The RBI needs to print an additional Rs 1.15 lakh crore-worth of currency notes to reach a level of optimal remonetisation, with Rs 13.12 lakh crore already in circulation as on March 24, the State Bank of India (SBI) said on Friday. Reserve Bank of India (RBI) should only print Rs 1.15 lakh crore more from March 24 levels.
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