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RBI Deputy Governor Downplays Impact of MDR on Cash Usage

By Rahul Verma19 September 2026 1 min read
RBI Deputy Governor Downplays Impact of MDR on Cash Usage

Reserve Bank of India Deputy Governor S C Murmu said the introduction of Merchant Discount Rate on UPI transactions is unlikely to drive consumers back to cash, citing its role as a store of value, particularly in rural communities and low-income groups.

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Source: freepressjournal.in

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