India's Currency In Circulation Growth Hits 5-Year High At 13.5%
India's currency in circulation (CiC) recorded its fastest growth in five years, supported by foreign currency deposit inflows and liquidity injections, according to the Reserve Bank of India's (RBI) State of the Economy report. As per a Business Standard report, latest data showed CiC rising 13.5% year-on-year to ₹43.46 trillion on Oct 15, while reserve money increased 10.3% to ₹53.24 trillion.…
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