Despite a surge in UPI usage, currency in circulation hit a record Rs 40 trillion in January, even as the cash-to-GDP ratio ...

Currency in circulation (CiC) in India has climbed to an all-time high of about ₹40 lakh crore as of the fortnight ended 31 January 2026 ...

Currency in circulation has (CiC) jumped even as UPI transactions have surged in the backdrop of higher withdrawals from ATMs in states such as Karnataka due to GST notices to small merchants and its ...

At current trends, currency with the public is likely to surpass the post‑pandemic FY21 incremental growth of Rs 4.6 lakh ...

Currency in circulation hit a record Rs 40 lakh crore, yet its share in the economy declined to 11.2% as digital payments ...

Despite a digital payment surge, India's currency in circulation hit a record Rs 40 lakh crore in Jan 2026, says an SBI report. Key drivers include higher consumption, lower interest rates, and the ...

Despite the surge in digital payments in India, cash circulation hits a record high, driven by consumption rise, low interest rates, and Rs 2000 note replacements, SBI reports. While digital ...

India’s currency in circulation hits ₹40 lakh crore, while UPI transactions reach ₹28.3 lakh crore monthly. SBI Research notes digital payments are driving incremental GDP growth amid rising cash.

Even as digital payments scale new peaks, currency in circulation (CiC) in India has surged to an all-time high of nearly Rs 40 lakh crore, presenting what SBI Research has termed a “puzzle” of ...

India’s cash in circulation has hit a record Rs 40 lakh crore despite the rapid growth of UPI payments, according to an SBI report. The rise is being driven by higher consumption, lower interest rates ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Robert Kelly is managing director of XTS ...