Currency in circulation (CIC) went up by a record Rs 5 lakh crore in 2020 as Indians joined the global dash for cash in the wake of the Covid-19 pandemic. With gross domestic product (GDP) expected to shrink by 7.5% in FY21, the currency-to-GDP ratio could cross 15%.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3bnT0Js
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