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Rupee banknotes outnumber dollar and euro in circulation, RBI deputy governor says Finance
FX & Currency #rupee#banknotes

Rupee banknotes outnumber dollar and euro in circulation, RBI deputy governor says

RBI Deputy Governor Shirish Chandra Murmu said 176 billion rupee banknotes are in circulation, three times the volume of US dollar bills and nearly six times euro notes. The scale reflects India's denomination mix and a 'cash paradox' of double-digit currency growth amid rising digital payments.

Aug 19, 2026 1 source
Rupee Banknotes in Circulation Triple Dollar Bills, Nearly Six Times Euro Notes Finance
FX & Currency #rupee#banknotes

Rupee Banknotes in Circulation Triple Dollar Bills, Nearly Six Times Euro Notes

RBI Deputy Governor Shirish Chandra Murmu said 176 billion rupee banknotes are in circulation, three times the number of US dollar bills and nearly six times euro notes. India produces 28–30 billion notes a year and is exploring polymer and coatings to extend note life. Currency in circulation keeps growing at double-digit rates despite digital payment adoption.

Aug 18, 2026 1 source