Currency surge due to small note need; circulation of Rs 2,000 notes inadequate: Study

According to a report by SBI, the pace of circulating Rs 200 denomination notes, as well as other smaller units, increased manifold in FY18. The SBI report comes close on the heels of a similar study by HSBC, which said that the cash surge is a reflection of increasing ‘informality’ — a euphemism for unaccounted transactions or black money.

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