The Economic Times

Cash is king again? Indias withdrawals surge 12% in early April, highest since post-demonetisation

The Indian economy is witnessing a historic milestone as the currency in circulation hits 42.3 trillion rupees. This remarkable jump of more than 610 billion rupees in merely 15 days of April signals a transformative phase. Experts warn that this continuous cash demand surge may impact the liquidity framework of the banking system.