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The Economic Times

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Sabse bada rupaiya: India prints 3x more notes than the US, 6x more than Europe

India's rupee banknotes in circulation significantly outnumber US dollar and Euro notes. The Reserve Bank of India reports 176 billion rupee notes are currently in use. This volume is driven by a preference for lower-denomination notes and a Clean Note Policy. Physical currency circulation expands at double-digit rates annually, despite digital payment growth. This expansion presents forecasting challenges for the central bank's production planning.

19 Aug 2026 2:08 pm