Despite digital surge, cash remains India's crucial payment mode: RBI's Murmu
· livemint.com
RBI deputy governor Shirish Chandra Murmu said cash remains vital to India's economy despite the digital payments boom, citing a ‘cash paradox’ where currency in circulation keeps rising even as cash's transaction share falls.
Mumbai: Despite the rapid adoption of digital payments, cash remains a significant mode of payment in the Indian economy, and preserving trust in cash is centra...