Congress MP Manickam Tagore has raised concerns about the shortage of small denomination currency ... Bank of India (RBI) has stopped printing these notes to promote UPI and cashless transactions.

The RBI and the government have been pushing for ‘cashless’ economy aggressively. The central bank’s assessment is that NPCI alone cannot manage the big shift. Adding up to a total of over ...

All the totals set new records. The government is promoting cashless payments, partly in the hopes of reducing the costs for transporting currency. It has set the goal of having cashless payments ...

Photo Credit: India's central bank will be more judicious in its use of foreign exchange reserves to mitigate domestic currency market ... said. The Reserve Bank of India will continue to ...

India is working on its digital currency and according to the RBI governor Shaktikanta Das, it could be revealed “very shortly”. However, he refrained from giving any specific timeline.

Under governor Shaktikanta Das, RBI held the currency within a narrow band. But in the past two weeks the rupee has been allowed to slide more freely. Tight liquidity will not bind the Reserve ...