Lockdown period cash demand almost double the levels of last year's election phase

Cash infused by the Reserve Bank of India or the currency in circulation amounted to Rs 1.42 lakh crore between April 01 and May 15, the latest release on reserve money indicated. This is almost double the amount of Rs 72,984 crore, which was released in the same period a year ago during which election cash demand was high.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Xab1lO