Morning Digest: Cash usage unchanged, fake notes on the rise after 10 years since demonetisation; Eisenkot tapped to try to form government, and more - The Hindu

The Hindu's morning digest reports that cash usage in India has remained unchanged a decade after demonetisation, while counterfeit currency notes have risen over the same period. It also reports that Israeli opposition figure Benny Eisenkot has been tasked with attempting to form a government, though the headline itself offers no detail on coalition arithmetic or policy positions. The transmission channel for the Indian cash data runs through the payments and liquidity framework: a stagnant cash-to-GDP ratio alongside rising counterfeiting points to limited progress in formalising the economy and may keep the Reserve Bank of India focused on currency-management and digital payment expansion rather than structural liquidity shifts. For the Israeli item, the relevant channel is political risk premium, where a government-formation mandate can affect shekel sentiment, sovereign spread expectations and defence-linked equities, with exposure concentrated in Israeli assets. Traders should watch the deadline and seat count for the mandate and any coalition announcements in the coming days, alongside the next RBI currency-in-circulation and banknote-authenticity disclosures.

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