RBI Deputy Governor Highlights 'Cash Paradox' Amid Digital Payment Surge
· rediff.com
Reserve Bank Deputy Governor S C Murmu has highlighted the 'cash paradox' where currency in circulation continues to grow despite a significant increase in digital payments. This trend complicates the RBI's forecasting and planning for currency production and distribution, prompting the central bank to seek solutions and explore ways to extend banknote life and reduce the carbon footprint of the cash cycle.
The Reserve Bank of India is grappling with a significant "cash paradox," where physical currency in circulation continues to rise even as digital payment adopt...