Note ban impact: Cash situation to become normal in March, says Nomura

currency, notes, demonetisation

Latest News -The impact of demonetisation is still visible and cash levels in the economy are not expected to be sufficient until March, which may keep trade volumes depressed for the next two months, says a Nomura report.

As per data released by the commerce ministry, growth in exports in January was lower than 5.72 per cent in December.

The moderation in India’s exports volume suggests that demonetisation may still be affecting cash-intensive export sectors, Nomura said in a research note, adding that “we do not interpret this as a sign of reduced competitiveness”.
“We expect trade volumes to remain subdued for another month or two as we do( Read More)

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