Cash still king in India despite digital boom, says RBI Deputy Governor Murmu
· thehindubusinessline.com
Addressing central bankers from across the world, Murmu noted that currency in circulation continues to grow at double-digit rates despite a decline in cash’s share of individual transactions due to increasing digital payment adoption.
Despite the rapid growth of digital payments, cash continues to play a critical role in India’s economy, especially in rural and semi-urban regions, among low...