Reserve Bank of India's spending on printing money dropped significantly. This happened even as the total value of currency in circulation grew. Higher denomination notes, especially the Rs 500 note, met this demand. Cash usage remains strong despite digital growth. The RBI plans to enhance banknote security and durability.
Market Samachar is a news aggregator. This article was originally published by Markets-Economic Times. Tap the button above to read the full story on their site.