RBI not thinking of withdrawing ₹500, re-introducing ₹1,000 notes: Governor
1 year, 6 months ago

RBI not thinking of withdrawing ₹500, re-introducing ₹1,000 notes: Governor

Hindustan Times  

Addressing the Post Monetary Policy briefing on Thursday, Reserve Bank of India governor Shaktikanta Das said that there is no intention to remove ₹500 banknotes or reintroduce ₹1,000 denomination notes at this time, calling it speculation. RBI governor said there are no plans to withdraw ₹ 500 notes "RBI not thinking of withdrawing ₹500 notes, or re-introducing notes in ₹1,000 denomination; request public not to speculate," said Das. RBI governor on ₹ 2000 notes Talking to reporters, the RBI governor informed that ₹1.80 lakh cr of ₹2,000 notes, representing nearly half of the outstanding notes in the withdrawn denomination, have returned back. “I would like to request the public to go to bank branches to deposit or exchange ₹2,000 currency notes at their convenience.

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RBI MPC Meeting: What happens if the central bank cuts interest rates tomorrow? D-Street experts weigh in
Trending News
2 weeks, 4 days ago

RBI MPC Meeting: What happens if the central bank cuts interest rates tomorrow? D-Street experts weigh in

Live Mint  

RBI MPC Meeting: Reserve Bank of India Governor Shaktikanta Das will unveil the fifth monetary policy of the current financial year 2024-25 on Friday, December 6, after a three-day meeting that began on December 4, 2024. RBI MPC to adopt a ‘balancing act’ in December review India’s GDP growth in the July-September quarter of the current fiscal was below D-Street …

RBI says 98.08% of ₹2,000 currency notes returned. What to do if you still haven't?
2 weeks, 6 days ago

RBI says 98.08% of ₹2,000 currency notes returned. What to do if you still haven't?

Hindustan Times  

The Reserve Bank of India has announced that 98.08% of the ₹2,000 banknotes in circulation have been returned. These ₹ 2,000 banknotes were originally introduced in November 2016 after the demonetisation of the ₹ 1,000 and ₹ 500 notes However, the currency notes which are remaining in circulation are still recognised as legal tender. These ₹2,000 banknotes were originally introduced …

No change expected in repo rate at next week's RBI monetary policy committee meet, cut ‘very likely’ in Feb: Report
3 weeks, 2 days ago

No change expected in repo rate at next week's RBI monetary policy committee meet, cut ‘very likely’ in Feb: Report

Hindustan Times  

HDFC Bank estimates that the central Reserve Bank of India would keep the repo rate steady at 6.5% in its final monetary policy committee meeting of the year, to be held next week, the country's largest private sector bank said in a report. RBI held its previous monetary policy committee meeting in October A rate cut is “very much possible” …

RBI MPC 2024: RBI Keeps Repo Rate Unchanged At 6.5%; Says GDP Growth Is Buoyant
8 months, 2 weeks ago

RBI MPC 2024: RBI Keeps Repo Rate Unchanged At 6.5%; Says GDP Growth Is Buoyant

News 18  

RBI MPC April 2024 Meeting LIVE: The Reserve Bank of India governor Shaktikanta Das announced the Monetary Policy Committee’s decision on key interest rates today. The two-day review meeting of the RBI’s Monetary Policy Committee, the rate-setting panel, commenced on April 3 and concluded today. Five out of six members voted in favour of the rate decision whereas the monetary …

₹2,000 banknotes worth ₹8,470 crore still in circulation, says RBI
9 months, 3 weeks ago

₹2,000 banknotes worth ₹8,470 crore still in circulation, says RBI

The Hindu  

More than 9 months since the Reserve Bank of India announced to withdraw ₹2000 banknotes, about ₹8,470 crore worth ₹2,000 banknotes were still in circulation as on February 29, 2024 as per updates provided by the central bank. “The total value of ₹2,000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19, 2023, …

Impact of ₹2,000 notes withdrawal: Currency-in-circulation growth dips to 3.7% in February
9 months, 4 weeks ago

Impact of ₹2,000 notes withdrawal: Currency-in-circulation growth dips to 3.7% in February

The Hindu  

The growth in currency in circulation decelerated to 3.7% for the week ended February 9 from 8.2% a year ago, reflecting the impact of the decision of the Reserve Bank of India to withdraw ₹2,000 banknotes. According to the RBI, commercial banks have reported double-digit growth in deposits in January, which too can be attributed to withdrawal of ₹2,000 currency …

RBI Says Rs 9330 Crore of 2000 Notes Yet to Return
11 months, 3 weeks ago

RBI Says Rs 9330 Crore of 2000 Notes Yet to Return

Deccan Chronicle  

HYDERABAD: The Reserve Bank of India on Monday said that banks have received 97.38 per cent of the Rs 2,000 denomination banknotes in circulation and only Rs 9330 crore worth of such notes are remaining with the public. The RBI had announced the withdrawal of Rs 2,000 denomination bank notes from circulation on May 19. People can still deposit and/or …

More than 97 per cent of Rs 2,000 notes returned, Rs 10,000 cr worth currency still with public: RBI
1 year, 1 month ago

More than 97 per cent of Rs 2,000 notes returned, Rs 10,000 cr worth currency still with public: RBI

India TV News  

The Reserve Bank of India on Wednesdays said more than 97 per cent of the Rs 2,000 banknotes in circulation have been returned to the banking system. The RBI in a statement said, "The total value of Rs 2,000 banknotes in circulation, which amounted to Rs 3.56 lakh crore as at the close of business on May 19, 2023 when …

RBI not considering re-introduction of Rs 1,000 notes: Sources
1 year, 2 months ago

RBI not considering re-introduction of Rs 1,000 notes: Sources

India TV News  

The Reserve Bank of India is not mulling re-introduction of Rs 1,000 currency notes, sources said, amid speculations that Rs 1,000 notes may be re-introduced after the RBI announced the withdrawal of Rs 2,000 currency notes. Demonetisation On November 8, 2016, Prime Minister Narendra Modi addressed the nation and announced the demonetisation of Rs 500 and Rs 1,000 currency notes. …

What options are available after deadline to exchange Rs 2,000 notes is over? | DETAILS
1 year, 2 months ago

What options are available after deadline to exchange Rs 2,000 notes is over? | DETAILS

India TV News  

Rs 2,000 notes deadline over: The last day for the public to avail of exchange or to deposit high-value Rs 2,000 banknotes at the banks was Saturday. According to the RBI, Rs 2,000 notes can continue to be exchanged by individuals or entities at the 19 RBI Issue Offices up to a limit of Rs 20,000 at a time; or …

Rs 3.43 Lakh Cr of Rs 2,000 Notes Have Come Back, Public Can Return Notes in RBI Offices Post Oct 8: Das
1 year, 2 months ago

Rs 3.43 Lakh Cr of Rs 2,000 Notes Have Come Back, Public Can Return Notes in RBI Offices Post Oct 8: Das

News 18  

Governor Shaktikanta Das on Friday said Rs 3.43 lakh crore of Rs 2,000 denomination notes have come back to the system so far, and reminded the public that they can return the withdrawn notes at 19 RBI offices from October 8. Addressing the customary post-policy press meet here, Das said 87 per cent of the notes which have been returned …

₹2,000 notes worth ₹3.43 lakh crore have come back: RBI Governor
1 year, 2 months ago

₹2,000 notes worth ₹3.43 lakh crore have come back: RBI Governor

The Hindu  

Governor Shaktikanta Das on October 6 said ₹3.43 lakh crore of ₹2,000 denomination notes have come back to the system so far, and reminded the public that they can return the withdrawn notes at 19 RBI offices from October 8. Addressing the customary post-policy press meet in Mumbai, Mr. Das said 87% of the notes which have been returned have …

Indians still hold Rs 12,000 cr in Rs 2,000 notes that will go out of circulation soon
1 year, 2 months ago

Indians still hold Rs 12,000 cr in Rs 2,000 notes that will go out of circulation soon

Firstpost  

RBI Governor Shaktikanta Das said, so far, nearly 87 per cent of Rs 2,000 banknotes have been returned to the banks in form of deposits Reserve Bank of India Governor Shaktikanta Das on Friday said 2,000 rupee notes worth Rs 12,000 crore are still in circulation. “Rs 12,000 crore of the Rs 3.56 lakh crore worth of Rs 2,000 notes …

Deadline to exchange ₹2,000 notes extended. What will happen if you miss it?
1 year, 2 months ago

Deadline to exchange ₹2,000 notes extended. What will happen if you miss it?

Hindustan Times  

The Reserve Bank of India on Saturday extended the deadline for exchanging your ₹2,000 notes till October 7. If you fail to meet the October 7 deadline, here's what will happen: RBI on May 19 had announced withdrawal of ₹ 2,000 currency notes from circulation and gave public time till September 30 to either deposit such notes in accounts or …

RBI extends deadline for exchange of ₹2,000 notes till October 7
1 year, 2 months ago

RBI extends deadline for exchange of ₹2,000 notes till October 7

The Hindu  

With about ₹0.14 lakh crore worth of ₹2,000 notes still not having found their way back into the banking system as on September 29, a day before the stipulated deadline for the general public to exchange or deposit the notes at bank branches, the Reserve Bank of India has decided to extend the deadline to October 7. 96% returned “According …

RBI extends deadline to exchange ₹2,000 notes till October 7
1 year, 2 months ago

RBI extends deadline to exchange ₹2,000 notes till October 7

Hindustan Times  

The Reserve Bank of India has extended the deadline for the exchange of ₹2000 notes till October 7. b) ₹2000 banknotes can continue to be exchanged by individuals / entities at the 19 RBI Issue Offices up to a limit of ₹20,000/- at a time. c) Individuals / Entities can tender ₹2000 banknotes at the 19 RBI Issue Offices for …

RBI Extends Deadline to Exchange Rs 2000 Notes
1 year, 2 months ago

RBI Extends Deadline to Exchange Rs 2000 Notes

Deccan Chronicle  

The Reserve Bank of India has extended the deadline to exchange ₹2,000 denomination notes. This notification came today after reports suggested that 30 September deadline to return ₹2000 notes is likely to get extended till October end. On 19 May, RBI removed the ₹2000 notes from circulation and gave nearly four months to deposit or exchange the notes. Earlier on …

Starting today, You can’t use ₹2,000 notes HERE
1 year, 3 months ago

Starting today, You can’t use ₹2,000 notes HERE

Live Mint  

Starting today, Amazon India will cease to accept ₹2,000 notes for cash-on-delivery payments for orders that are fulfilled by Amazon. While orders fulfilled by Amazon will no longer permit ₹2,000 notes as payment, third-party courier services may still accept it, according to the e-commerce titan. Amazon's decision to discontinue the acceptance of ₹2,000 notes from September 19 follows a larger …

Rs 2,000 note exchange, deposit deadline nears: All you need to know
1 year, 3 months ago

Rs 2,000 note exchange, deposit deadline nears: All you need to know

India TV News  

Rs 2,000 note : The deadline to exchange or deposit the Rs 2,000 note is inching closer in India. 2,000 rupee notes deposits made in RBI: The Reserve Bank of India said that as much as 93 per cent of Rs 2,000 currency notes that were in circulation on May 19- the day when the currency was withdrawn from circulation- …

93% of ₹2000 notes returned to banks: RBI
1 year, 3 months ago

93% of ₹2000 notes returned to banks: RBI

Hindustan Times  

The Reserve Bank on Friday said that as much as 93 per cent of ₹2000 currency notes that were in circulation on May 19 -- the day when the currency was withdrawn from circulation -- have been returned to banks. According to the data received from the banks, the total value of ₹2000 banknotes received back from circulation is ₹3.32 …

RBI says 88% of ₹2,000 notes returned to banks
1 year, 4 months ago

RBI says 88% of ₹2,000 notes returned to banks

The Hindu  

The Reserve Bank on August 1 said 88% of the ₹2,000 banknotes valued at ₹3.14 lakh crore have returned to the banking system after it announced the withdrawal of the high-value currency notes from circulation in May. According to the data received from banks, the RBI said the total value of ₹2,000 banknotes received back from circulation is ₹3.14 lakh …

Three-fourth of ₹2000 currency notes in circulation have returned to banks: Govt
1 year, 4 months ago

Three-fourth of ₹2000 currency notes in circulation have returned to banks: Govt

Live Mint  

New Delhi: Indian banks have received ₹2.72 trillion worth of ₹2,000 banknotes up to 30 June, after the Reserve Bank of India announced their withdrawal on 19 May, said Union Minister of State for Finance Pankaj Chaudhary in a written reply to a question in Rajya Sabha. In a surprise move, RBI announced withdrawal of ₹2,000 notes from circulation but …

‘No plan to extend’: Deadline to exchange ₹2,000 notes on Sept 30, says FinMin
1 year, 4 months ago

‘No plan to extend’: Deadline to exchange ₹2,000 notes on Sept 30, says FinMin

Hindustan Times  

The finance ministry on Monday said there is no proposal to extend the deadline for the exchange of ₹2,000 notes beyond September 30, 2023. The Reserve Bank, in a surprise move, on May 19 announced withdrawal of ₹2,000 notes from circulation but gave public time till September 30 to either deposit such notes in accounts or exchange them at banks. …

Withdrawal of Rs 2,000 note won't harm economy: RBI Governor Shaktikanta Das
1 year, 5 months ago

Withdrawal of Rs 2,000 note won't harm economy: RBI Governor Shaktikanta Das

India Today  

Reserve Bank of India Governor Shaktikanta Das said the withdrawal of Rs 2,000 notes won’t have any negative impact on the economy. “One thing I can clearly tell you is that the Rs 2,000 note that we are withdrawing right now will not have any negative impact on the economy," Das told news agency PTI in an interview. In fact, …

‘Over Two-Third Of Rs 2,000 Notes Have Returned To System’: RBI Governor
1 year, 5 months ago

‘Over Two-Third Of Rs 2,000 Notes Have Returned To System’: RBI Governor

News 18  

Reserve Bank of India Governor Shaktikanta Das on Sunday said that within a month of the withdrawal order of Rs 2,000 notes, more than two-thirds of the total currency in circulation has returned to the system. Speaking in an interview with PTI, Governor Shaktikanta Das said, “More than two-thirds or Rs 2.41 lakh crore worth of the Rs 3.62 lakh …

Currency In Circulation Dips To 5.3% Due To Rs 2,000 Note withdrawal; Digital Payments Rise RBI Bulletin
1 year, 6 months ago

Currency In Circulation Dips To 5.3% Due To Rs 2,000 Note withdrawal; Digital Payments Rise RBI Bulletin

ABP News  

Currency in circulation, which is the largest part of the reserve money, declined to 5.3 per cent from 8.3 per cent in the year-ago period due to the withdrawal of Rs 2,000 notes from circulation and an increase in digital mode of payments, the Reserve Bank of India said in its bulletin on Friday. The RBI also reported that reserve …

Half of Rs 2,000 notes in circulation back in system: RBI Governor
1 year, 6 months ago

Half of Rs 2,000 notes in circulation back in system: RBI Governor

Deccan Chronicle  

MUMBAI: The Reserve Bank of India Governor Shaktikanta Das on Thursday said 50 per cent of the to-be-withdrawn Rs 2,000 notes came back to the system. This is roughly about 50 per cent of the Rs 2000 notes which were in circulation on March 31," RBI Governor Das said at a post-monetary policy meeting press conference. On May 19, RBI …

RBI Has No Plan To Withdraw Rs 500 Note Or Bring Rs 1,000 Note; All You Need To Know
1 year, 6 months ago

RBI Has No Plan To Withdraw Rs 500 Note Or Bring Rs 1,000 Note; All You Need To Know

News 18  

Reserve Bank of India’s Governor Shaktikanta Das on June 8 made it clear that RBI is not thinking of withdrawing Rs 500 notes, or even re-introducing notes in the Rs 1,000 denomination, and requested the public not to speculate on this. While announcing the decisions of the Monetary Policy Committee on Thursday, Das also informed that about 50% of Rs …

Half of withdrawn ₹2,000 bank notes return to banks, mostly as deposits: RBI governor
1 year, 6 months ago

Half of withdrawn ₹2,000 bank notes return to banks, mostly as deposits: RBI governor

The Hindu  

In the 17 days since the Reserve Bank of India announced the withdrawal of ₹2,000 notes on May 23, about half of those notes in circulation have come back to the banking system, RBI governor Shaktikanta Das said on Thursday. “So far as ₹2,000 banknotes are concerned, we had said that as on March 31, there were ₹3.62 lakh crore …

About 80% choose to deposit Rs2000 notes instead of exchanging: Report
1 year, 6 months ago

About 80% choose to deposit Rs2000 notes instead of exchanging: Report

Hindustan Times  

About three-fourths of Indians are choosing to deposit the recently withdrawn 2000-rupee notes into bank accounts so far rather than exchanging them for smaller denominations, with the trend likely to boost bank deposits, bankers said. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} In May, the Reserve Bank of India said it would withdraw these high-value notes from circulation and permitted their exchange or …

SC refuses urgent listing of plea challenging RBI decision on ₹2,000 note exchange
1 year, 6 months ago

SC refuses urgent listing of plea challenging RBI decision on ₹2,000 note exchange

The Hindu  

The Supreme Court on Thursday refused to list for urgent hearing a plea challenging the notifications enabling exchange of ₹2,000 denomination currency notes without any requisition slip and ID proof. Seeking urgent listing of the plea, the lawyer said the ₹2,000 banknotes are being exchanged without any requisition slip and ID proof like Aadhaar card by criminals and terrorists also. …

Rs 2000 Note Exchange: SC Declines Urgent Hearing For Plea Challenging Notifications Allowing Currency Exchange Without ID Proof
1 year, 6 months ago

Rs 2000 Note Exchange: SC Declines Urgent Hearing For Plea Challenging Notifications Allowing Currency Exchange Without ID Proof

ABP News  

The Supreme Court on Thursday declined urgent hearing of an appeal against the Delhi High Court order which dismissed a plea challenging the RBI’s decision permitting citizens to exchange Rs 2000 banknotes without any requisition slip and ID proof, as reported by ANI. The vacation bench of the apex court comprising Justice Sudhanshu Dhulia and Justice KV Viswanathan rejected the …

RBI says India’s growth momentum to continue in FY24; stresses on structural reforms
1 year, 6 months ago

RBI says India’s growth momentum to continue in FY24; stresses on structural reforms

The Hindu  

The Reserve Bank on May 30 said that India’s growth momentum is likely to continue in 2023-24 even as it made a case for pushing structural reforms to deal with the geopolitical developments and also to achieve sustained growth in the medium-term. The Reserve Bank’s annual report flagged slowing global growth, protracted geopolitical tensions and a possible upsurge in financial …

Exchange Rs 2,000 denomination currency notes without ID proof is valid: Court dismisses plea
1 year, 6 months ago

Exchange Rs 2,000 denomination currency notes without ID proof is valid: Court dismisses plea

India TV News  

The Delhi High Court on Monday dismissed a petition challenging the notifications enabling the exchange of Rs 2,000 denomination currency notes without any requisition slip and ID proof, saying it has been done to avoid inconvenience to citizens, and the court cannot sit as an appellate authority on a policy decision. The high court said the Public Interest Litigation is …

₹2,000 note withdrawal: Indians in Gulf regions complain of denial of exchange
1 year, 6 months ago

₹2,000 note withdrawal: Indians in Gulf regions complain of denial of exchange

Live Mint  

The Reserve Bank of India decided to withdraw ₹2,000 denomination banknotes on 19 May and asked banks to stop issuing ₹2,000 notes with immediate effect. The Indians in the Gulf region are complaining that the banks are refusing to accept their ₹2,000 notes and are claiming to be not aware of the policy change. Some of the banks even bluntly …

Rs 2000 Note Exchange Delhi High Court Dismisses PIL Challenging Notifications Allowing Notes Without ID Proof
1 year, 6 months ago

Rs 2000 Note Exchange Delhi High Court Dismisses PIL Challenging Notifications Allowing Notes Without ID Proof

ABP News  

The Delhi High Court on Monday dismissed a PIL challenging the Reserve Bank of India and State Bank of India notifications, which permits the exchange of Rs 2,000 banknotes without obtaining any requisition slip and identity proof, reported by ANI. Delhi High Court dismisses PIL challenging Reserve Bank of India and State Bank of India notifications, which permits the exchange …

₹2,000 note exchange/ deposit: Know rules for SBI, HDFC, ICICI, other banks
1 year, 6 months ago

₹2,000 note exchange/ deposit: Know rules for SBI, HDFC, ICICI, other banks

Live Mint  

Reserve bank of India instructed ₹2000 note withdrawal process begun on 23 May. Let's take a look State Bank of India The State Bank of India has informed that members of the public will not require to show identity proof or fill up a requisition slip to exchange ₹2000 notes for a limit of ₹20,000 at once in any SBI …

‘Not Demonetisation, Only Currency Management Exercise’: RBI To Delhi High Court On Decision To Withdraw Rs 2,000 Currency Notes From Circulation
1 year, 6 months ago

‘Not Demonetisation, Only Currency Management Exercise’: RBI To Delhi High Court On Decision To Withdraw Rs 2,000 Currency Notes From Circulation

Live Law  

The Reserve Bank of India on Friday defended its recent decision to withdraw Rs 2,000 notes from circulation and informed the Delhi High Court that it is only a “currency management exercise” and not demonetisation.Senior Advocate Parag P. Tripathi made the submission before a division bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad during the hearing of …

No panic among public after withdrawal of ₹2,000 notes, shows survey
1 year, 6 months ago

No panic among public after withdrawal of ₹2,000 notes, shows survey

Live Mint  

A survey has shown that there is no panic or fear among the public after the Reserve Bank of India announced the withdrawal of ₹2,000 currency notes. The survey, conducted by LocalCircles, received 11,541 responses on the question if people support the government’s move of withdrawing ₹2,000 notes from circulation. The survey showed that 64% of respondents in support of …

The fundamental value of the rupee
1 year, 6 months ago

The fundamental value of the rupee

The Hindu  

The first thing that comes to mind when speaking of the value of a currency is the exchange rate it commands in international transactions. The RBI’s reputation On May 19, the Reserve Bank of India announced that the ₹2,000 note is being withdrawn from circulation but that it will remain legal tender. First, it should not have taken much for …

₹2,000 note move may have marginal impact
1 year, 6 months ago

₹2,000 note move may have marginal impact

Hindustan Times  

Markets are often curious to decipher the motive and timing of policy decisions, apart from the possible impact. If the ₹2,000 notes are converted into smaller denominations, there is no impact on overall currency in circulation, but in case of these being deposited into bank accounts, cash in the system will drop immediately, and bank deposit growth will pick up. …

Entire process of Rs 2000 notes withdrawal will be non-disruptive: RBI Governor
1 year, 6 months ago

Entire process of Rs 2000 notes withdrawal will be non-disruptive: RBI Governor

Deccan Chronicle  

New Delhi: Reserve Bank Governor Shaktikanta Das on Wednesday stressed that the entire process of withdrawal of Rs 2000 notes will be non-disruptive, and the Central Bank has been monitoring the situation regularly. The Reserve Bank of India on Friday announced the withdrawal of Rs 2000 denomination banknotes as part of its currency management. Replying to questions at an event …

Not many in line to exchange ₹2000 notes in banks on Day One
1 year, 7 months ago

Not many in line to exchange ₹2000 notes in banks on Day One

The Hindu  

Not many were seen lining up at banks to exchange ₹2000 notes on Tuesday as they opened the window for the swap. “The customer footprint concerning the exchange of ₹2000 notes is meagre,” said K. Sailendranath, Andhra Pragati Grameena Bank Assistant General Manager and in-charge of Tirupati and Nellore districts. “Deposits are being made in the bank in ₹2000 denomination, …

Congress demands ‘white paper’ on the withdrawal ₹2,000 currency notes, says it will help black money hoarders
1 year, 7 months ago

Congress demands ‘white paper’ on the withdrawal ₹2,000 currency notes, says it will help black money hoarders

The Hindu  

The Congress on May 23 alleged that the move to withdraw ₹2,000 currency notes will end up facilitating those who hoard black money and reiterated its demand for a white paper on the demonetisation exercise. “We demand a white paper on why ₹2,000 notes were introduced and who all were saying that all black money will finish. Mr. Vallabh said …

Slow withdrawal: on the RBI and the ₹2,000 note
1 year, 7 months ago

Slow withdrawal: on the RBI and the ₹2,000 note

The Hindu  

The Reserve Bank of India’s May 19 announcement that ₹2,000 banknotes would be withdrawn from circulation, coming just over seven-and-a-half years since the economically deleterious demonetisation of ₹500 and ₹1,000 notes, has triggered a sense of déjà vu. While Prime Minister Narendra Modi’s decision in November 2016, to abruptly and completely rescind the legal tender status of the then available …

No need to make a dash for ₹2,000 swaps, says RBI Governor Shaktikanta Das
1 year, 7 months ago

No need to make a dash for ₹2,000 swaps, says RBI Governor Shaktikanta Das

The Hindu  

Seeking to allay concerns about the legal tender status of ₹2,000 currency notes after the September 30 deadline for their exchange or deposit, Reserve Bank of India Governor Shaktikanta Das stressed on May 22 there is no need to rush to the banks and signalled the last date is only meant to nudge people to return the notes soon. Speaking …

RBI Expects Return Of Most Rs 2,000 Banknotes In Circulation By September 30: Governor Shaktikanta Das
1 year, 7 months ago

RBI Expects Return Of Most Rs 2,000 Banknotes In Circulation By September 30: Governor Shaktikanta Das

ABP News  

The Reserve Bank of India Governor Shaktikanta Das on Monday said most of the withdrawn Rs 2,000 rupee notes are expected to be returned by the deadline of September 30. While the withdrawn 2,000 rupee notes can either be deposited in bank accounts or exchange for other currency, banks have been advised to make necessary arrangements for exchange, he said. …

Congress cries foul over phasing out of Rs 2000 currency notes: How several Congress govt followed the ‘demonetisation’ path to control black money
1 year, 7 months ago

Congress cries foul over phasing out of Rs 2000 currency notes: How several Congress govt followed the ‘demonetisation’ path to control black money

Op India  

On 19th May 2023, the Reserve Bank of India announced that it is withdrawing the circulation of ₹2000 currency notes. But while accusing the Modi government of miscalculating demonetisation in 2016 and withdrawing Rs 2000 notes in 2023, congress has forgotten the currency decisions it took. In the first demonetisation, Rs 500, Rs 1,000 and Rs 10,000 notes were demonetised …

Impact of ₹2,000 notes withdrawal ‘very very marginal’ on economy: RBI Governor
1 year, 7 months ago

Impact of ₹2,000 notes withdrawal ‘very very marginal’ on economy: RBI Governor

The Hindu  

Reserve Bank Governor Shaktikanta Das on Monday said the impact of withdrawal of ₹2,000 currency notes will be “very very marginal” on the economy because it accounts for only 10.8% of currency in circulation. Asked if ₹2,000 notes will continue to be a legal tender, Mr. Das said “It will continue as legal tender. On whether it will impact India’s …

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