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Transporting currency to areas with unusually high cash withdrawals: RBI

Tuesday - April 17, 2018 7:50 pm , Category : BUSINESS
 Transporting currency to areas with unusually high cash withdrawals: RBI
Transporting currency to areas with unusually high cash withdrawals: RBI

New Delhi April 17 (IANS) The Reserve Bank of India on Tuesday said that it is "taking steps to move currency to areas" which have witnessed unusually large cash withdrawals.



"The shortage may be felt in some pockets largely due to logistical issues of replenishing ATMs frequently and the recalibration of ATMs being still underway. RBI is closely monitoring both these aspects " the RBI said in a statement.

"Further as a matter of abundant precaution RBI is also taking steps to move currency to areas which are witnessing unusually large cash withdrawals."

According to the RBI there "is sufficient cash in" its vaults and currency chests.

"Nevertheless printing of the notes has been ramped up in all the four note presses " the statement added.

--IANS
rv/bg

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