'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

Post a Comment

Previous Post Next Post