500 rupee notes of Rs 3,000 crore printed every day: Economic Affairs Secretary
There is enough cash which is being supplied and there is extra demand which is being fully met. I don't think there is any cash related crisis or problem at this point of time," Garg said. There are about Rs 7 lakh crore of Rs 2,000 notes in circulation, which is more than adequate and and so no new Rs 2,000 notes are being issued
Subhash Chandra Garg also said the fundamentals of economy does not call for an interest rate hike at the moment as there has not been any "disproportionate rise in inflation" or "extra ordinary growth in output". Image source: PTI