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Currency in circulation grows
Value rises 7.8%, Volume grows 4.4% in FY22 as against 9.9% and 5% respectively in previous fiscal
Currency in circulation grows
Mumbai: The value and volume of banknotes in circulation increased by 7.8 per cent and 4.4 per cent, respectively, during 2022-23 as compared with 9.9 per cent and 5 per cent, respectively, in 2021-22, revealed the RBI annual report released on Tuesday.
In value terms, the share of Rs500 and Rs2,000 banknotes together accounted for 87.9 per cent of the total value of banknotes in circulation as on March 31, 2023, as compared to 87.1 per cent a year ago.
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