Tag: currency management
Posted in Economy
UPI: Digital payments surge: Cash usage declines post-pandemic in India, says RBI
Sixty percent of consumer expenditure is still cash based as of March 2024. But its share is declining rapidly post COVID. The share of digital…
Posted in Economy
Imported inflation edges up after months in the negative zone
After remaining in the negative zone for several months, imported inflation or cost of imports is slowly edging up since the beginning of the fiscal….
Posted in Economy
RBI plans to revamp currency management infrastructure to cater to future cash needs
The Reserve Bank plans to comprehensively revamp its currency management infrastructure over the next 4-5 years, mainly to ensure adequate storage and handling capacity to…
Posted in Business
RBI appoints P Vasudevan as new executive director
The Reserve Bank of India (RBI) on Thursday said it has appointed P Vasudevan as Executive Director (ED) and he will look after three departments,…