Dear RBI, it’s not about hoarding notes, it’s about shortage of cash

Vivek Kaul In the press conference that followed the monetary policy on December 7, 2016, R Gandhi, one of the deputy governors of the Reserve Bank of India(RBI), said: “We reiterate that there is adequate supply of notes and hoarding of notes helps nobody’s cause.” The impression that the RBI is trying to create is […]

Vivek Kaul In the press conference that followed the monetary policy on December 7, 2016, R Gandhi, one of the deputy governors of the Reserve Bank of India(RBI), said: “We reiterate that there is adequate supply of notes and hoarding of notes helps nobody’s cause.” The impression that the RBI is trying to create is […]

Read more / Original news source: http://kanglaonline.com/2016/12/dear-rbi-its-not-about-hoarding-notes-its-about-shortage-of-cash/