No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, October 23, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Currency Demand: Uttar Pradesh, Tamil Nadu, and Maharashtra lead cash movement in India amid digital payment growth

by TheAdviserMagazine
4 months ago
in Business
Reading Time: 1 min read
A A
Currency Demand: Uttar Pradesh, Tamil Nadu, and Maharashtra lead cash movement in India amid digital payment growth
Share on FacebookShare on TwitterShare on LInkedIn


Uttar Pradesh, Tamil Nadu and Maharashtra were the top three states which saw maximum cash movement through their currency chests in May, reflecting the demand for both credit and deposits in the states with the biggest populations and subnational economies, respectively.

Latest central bank data also showed that five states accounted for around 40% of the Rs 2.97 lakh crore worth of cash deposited and Rs 3.29 lakh crore withdrawn through the currency chest in the respective states.

Agencies

While the digital payments ecosystem in India has taken off, the demand for currency persists—a trend accentuated by the pandemic. But a recent research paper by central bank economists shows that the simultaneous increase in digital payments and currency in circulation might appear paradoxical, with income being the dominant driver of currency demand in India. The research paper says that the rapid growth momentum in digital payments, combined with its statistically significant inverse association with cash, has the potential to moderate the positive income effect



Source link

Tags: cashCurrencydemandDigitalgrowthIndiaLeadMaharashtraMovementNaduPaymentPradeshTamilUttar
ShareTweetShare
Previous Post

UN prompts Iran to extend civilian protections during ongoing conflict – JURIST

Next Post

Hurdles You Can Face With Compensation For Economic Damages

Related Posts

edit post
Japan says it plans to tell Trump it will build up military, upgrade security strategy

Japan says it plans to tell Trump it will build up military, upgrade security strategy

by TheAdviserMagazine
October 23, 2025
0

Japan's new foreign minister said on Wednesday his country plans to show its determination to further build up its defence...

edit post
High-end housing segment remains hot this Diwali even as overall sales cool off, says Samir Jasuja

High-end housing segment remains hot this Diwali even as overall sales cool off, says Samir Jasuja

by TheAdviserMagazine
October 22, 2025
0

Despite signs of moderation in overall housing sales and new project launches across major Indian cities, the luxury housing segment...

edit post
Tesla targets 3M vehicle production within 24 months as full self-driving expansion accelerates (NASDAQ:TSLA)

Tesla targets 3M vehicle production within 24 months as full self-driving expansion accelerates (NASDAQ:TSLA)

by TheAdviserMagazine
October 22, 2025
0

Seeking Alpha's Disclaimer: The earnings call insights are compilations of earnings call transcripts and other content available on the Seeking...

edit post
YXT regains compliance with Nasdaq’s minimum bid price requirement (YXT:NASDAQ)

YXT regains compliance with Nasdaq’s minimum bid price requirement (YXT:NASDAQ)

by TheAdviserMagazine
October 22, 2025
0

YXT.com Group Holding Ltd. (NASDAQ: NASDAQ:YXT) said on Wednesday it has regained compliance with Nasdaq’s minimum bid price requirement after...

edit post
Tesla reports record sales, record storage—but profit slips as tax-credit rush pulls demand forward

Tesla reports record sales, record storage—but profit slips as tax-credit rush pulls demand forward

by TheAdviserMagazine
October 22, 2025
0

Tesla’s Q3 2025 update reports record vehicle deliveries and record energy storage deployments, alongside higher revenue, but earnings pressure persisted...

edit post
Beyond Meat’s 250% stock pop was spurred by a Dubai-based real estate developer. Now the company is squarely in meme-stock territory

Beyond Meat’s 250% stock pop was spurred by a Dubai-based real estate developer. Now the company is squarely in meme-stock territory

by TheAdviserMagazine
October 22, 2025
0

Reddit investors are still chasing the high of locking in and driving up GameStop stock four years ago. This time,...

Next Post
edit post
Hurdles You Can Face With Compensation For Economic Damages

Hurdles You Can Face With Compensation For Economic Damages

edit post
Ask Jason Staats Anything

Ask Jason Staats Anything

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

October 9, 2025
edit post
Corn Faces Tuesday Losses

Corn Faces Tuesday Losses

0
edit post
We Have Not Properly Reckoned with the Economic Insanity of 2020

We Have Not Properly Reckoned with the Economic Insanity of 2020

0
edit post
Why .2B prediction markets’ major league sports backing is huge blow to legacy betting

Why $8.2B prediction markets’ major league sports backing is huge blow to legacy betting

0
edit post
Earnings: Highlights of IBM’s Q3 2025 report

Earnings: Highlights of IBM’s Q3 2025 report

0
edit post
Make Your Money Invisible

Make Your Money Invisible

0
edit post
Japan says it plans to tell Trump it will build up military, upgrade security strategy

Japan says it plans to tell Trump it will build up military, upgrade security strategy

0
edit post
Why .2B prediction markets’ major league sports backing is huge blow to legacy betting

Why $8.2B prediction markets’ major league sports backing is huge blow to legacy betting

October 23, 2025
edit post
Japan says it plans to tell Trump it will build up military, upgrade security strategy

Japan says it plans to tell Trump it will build up military, upgrade security strategy

October 23, 2025
edit post
High-end housing segment remains hot this Diwali even as overall sales cool off, says Samir Jasuja

High-end housing segment remains hot this Diwali even as overall sales cool off, says Samir Jasuja

October 22, 2025
edit post
Bitcoin’s Next Bull Phase Could Be Near As BTC-Stablecoin Ratio Plummets

Bitcoin’s Next Bull Phase Could Be Near As BTC-Stablecoin Ratio Plummets

October 22, 2025
edit post
Make Your Money Invisible

Make Your Money Invisible

October 22, 2025
edit post
Tesla targets 3M vehicle production within 24 months as full self-driving expansion accelerates (NASDAQ:TSLA)

Tesla targets 3M vehicle production within 24 months as full self-driving expansion accelerates (NASDAQ:TSLA)

October 22, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Why $8.2B prediction markets’ major league sports backing is huge blow to legacy betting
  • Japan says it plans to tell Trump it will build up military, upgrade security strategy
  • High-end housing segment remains hot this Diwali even as overall sales cool off, says Samir Jasuja
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.