Analysis suggests shortage of cash in ATMs could be a result of persistence of tightness in overall money supply after demonetisation. Over the past few days, multiple reports of non-functional ATMs have revived fears of a cash shortage in the economy. A statement issued by the ministry of finance on Tuesday tried to allay such fears. The statement notes that “there has been unusual spurt in currency demand in the country in last three months”. The statement also held out an assurance that adequate currency notes would be supplied to…
Read MoreCash crunch at ATMs could be the after-effects of demonetisation
