Tagat says this creates a difficult choice for the RBI: how much to invest in managing cash and how much in promoting digital payments, especially as trials of 10 and 20 rupee polymer notes - first proposed a decade ago - finally get under way.
(Polymer notes are more durable than paper ones, potentially reducing the cost and frequency of replacing worn-out cash.)
Tagat says this creates a difficult choice for the RBI: how much to invest in managing cash and how much in promoting digital payments, especially as trials of 10 and 20 rupee polymer notes - first proposed a decade ago - finally get under way. (Polymer notes are more durable than paper ones, potentially reducing the cost and frequency of replacing worn-out cash.)
