Demonetisation: India's grand plan to go cashless has failed


Quartz reports:
That darned demonetisation did rock the boat last November, but India's love affair with cash is well and truly back on track. In fact, the romance has returned with such vigour that the currency with the Indian public at the end of October 2017 stood at Rs15.48 lakh crore, the latest data available with the Reserve Bank of India (RBI) shows. That's only about 9% less than the Rs16.98 lakh crore the public held on Oct. 14, 2016, only a few weeks before demonetisation.
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