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No deficit of currency, more being printed: RBI
What has happened?
Amid the cash shortage reported from several parts of the country, the Reserve Bank of India (RBI) has assured that there is sufficient cash in the central bank’s vaults and in current chests, adding that the situation is being monitored closely.
Printing ramped up
The central bank also said printing of notes has been ramped up in all the four security note presses and steps are been taken to move currency to areas that are witnessing unusually large cash withdrawals
Shortage due to logistic issues
The central bank said the shortage may be felt in some pockets largely due to logistical issues of replenishing ATMs frequently and as recalibration of ATMs is still underway.
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