Early data for March 2018 indicates that the formal sector’s growth continues its steady march, with 88% of the indicators in positive territory. Currency in circulation at over Rs18trn is now above pre-demonetisation level.
The shortage may be felt in some pockets largely due to logistical issues of replenishing ATMs frequently and the recalibration of ATMs being still underway. RBI is closely monitoring both these aspects
Trade deficit for the month on March widened to USD 13.7 billion, inching up from USD 12 billion last month. For FY18, trade deficit stands at USD 156.8 billion, a 45% higher than USD 108.5 billion last year.