India vows to fix cash crunch as ATMs run empty — again

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India vows to fix cash crunch as ATMs run empty — again.
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  • Less than 18 months after Prime Minister Narendra Modi announced a ban on high-denomination banknotes, India's government was forced into damage limitation mode on Tuesday after reports emerged that some ATMs in the country were running dry.
  • The Reserve Bank of India (RBI) said late Tuesday that regional shortages of cash were likely "largely due to logistical issues of replenishing ATMs frequently."
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Source: Government attempts damage control as ATMs run dry

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