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RBI Cash Paradox: Why Is Cash Rising Despite Rising Digital Payments? Economy India
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Digital payments surge across India, but currency in circulation continues to rise, making future cash demand harder for RBI to predict Mumbai (Economy India): Digital payments in India have expanded at an unprecedented pace in the past few years. UPI, mobile banking, debit and credit cards, and other digital means have completely transformed the way payments are made in the country. From tea shops to large shopping malls, grocery stores to onli…
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