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2017-03-01 — india.com
The currency stock had rebounded to Rs 9.8 trillion in early February after falling to Rs 7.8 trillion from Rs 17 trillion before demonetisation. "We expect GDP to moderate to 6.4 per cent in the January-March quarter from 7 per cent in AOctober-December quarter and recover to more than 7 per cent subsequently," said Moody`s.
...
Noting that banks had higher deposits, the report said the trend would increase by 1-2 per cent, with cash remaining the dominant means of retail transactions.
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