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 The RBI’s reputation On May 19, the Reserve Bank of India announced that the ₹2,000 note is being withdrawn from circulation but that it will remain legal tender.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 the RBI to recognise in 2016 that the ₹2,000 note, issued after notes of much lower denominations had been demonetised, was likely to be used by few people for the majority of transactions in India are of far lower monetary value. If now the government’s economists say that black money hoards will be extinguished with the ₹2,000 note withdrawn, they must accept as folly the printing of these very notes immediately after the demonetisation in 2016. Editorial |Slow withdrawal: on the RBI and the ₹2,000 note In 2016, the government amended the RBI Act of 1933 to redefine monetary policy as the control of inflation.

History of this topic

RBI says 98.08% of ₹2,000 currency notes returned. What to do if you still haven't?
3 weeks ago
97.76 per cent of Rs 2,000 currency notes returned, says RBI
7 months, 3 weeks ago
₹2,000 banknotes worth ₹8,470 crore still in circulation, says RBI
9 months, 3 weeks ago
Impact of ₹2,000 notes withdrawal: Currency-in-circulation growth dips to 3.7% in February
9 months, 4 weeks ago
RBI Says Rs 9330 Crore of 2000 Notes Yet to Return
11 months, 3 weeks ago
97.26 per cent of Rs 2000 notes returned, denomination continues to be legal tender: RBI
1 year ago
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
Indians still hold Rs 10,000 cr in Rs 2,000 notes being phased out
1 year, 2 months ago
RBI not considering re-introduction of Rs 1,000 notes: Sources
1 year, 2 months ago
What options are available after deadline to exchange Rs 2,000 notes is over? | DETAILS
1 year, 2 months ago
₹2,000 notes worth ₹3.43 lakh crore have come back: RBI Governor
1 year, 2 months ago
Indians still hold Rs 12,000 cr in Rs 2,000 notes that will go out of circulation soon
1 year, 2 months ago
Deadline to exchange ₹2,000 notes extended. What will happen if you miss it?
1 year, 2 months ago
RBI extends deadline to exchange ₹2,000 notes till October 7
1 year, 2 months ago
Last date for exchanging Rs 2,000 notes is September 30, know options after the deadline
1 year, 2 months ago
Still have Rs 2,000 notes? Here’s what happens if you miss 30 Sept deadline
1 year, 2 months ago
Starting today, You can’t use ₹2,000 notes HERE
1 year, 3 months ago
Rs 2,000 note exchange, deposit deadline nears: All you need to know
1 year, 3 months ago
RBI says 88% of ₹2,000 notes returned to banks
1 year, 4 months ago
Three-fourth of ₹2000 currency notes in circulation have returned to banks: Govt
1 year, 4 months ago
‘No plan to extend’: Deadline to exchange ₹2,000 notes on Sept 30, says FinMin
1 year, 5 months ago
Delhi HC likely to pass order on PIL against withdrawal of Rs 2,000 banknotes tomorrow
1 year, 5 months ago
Withdrawal of Rs 2,000 note won't harm economy: RBI Governor Shaktikanta Das
1 year, 5 months ago
‘Over Two-Third Of Rs 2,000 Notes Have Returned To System’: RBI Governor
1 year, 5 months ago
Two-thirds of Rs 2,000 notes returned within a month of withdrawal: RBI Guv Shaktikanta Das
1 year, 5 months ago
Currency In Circulation Dips To 5.3% Due To Rs 2,000 Note withdrawal; Digital Payments Rise RBI Bulletin
1 year, 6 months ago
Data | ₹2,000 Banknotes: A fading presence as RBI decides to withdraw from circulation
1 year, 6 months ago
Half of Rs 2,000 notes in circulation back in system: RBI Governor
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
1 year, 6 months ago
Half of withdrawn ₹2,000 bank notes return to banks, mostly as deposits: RBI governor
1 year, 6 months ago
RBI not thinking of withdrawing ₹500, re-introducing ₹1,000 notes: Governor
1 year, 6 months ago
Supreme Court seeks report from Registry on 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
1 year, 6 months ago
The short history of a large note
1 year, 6 months ago
RBI says India’s growth momentum to continue in FY24; stresses on structural reforms
1 year, 6 months ago
Exchange Rs 2,000 denomination currency notes without ID proof is valid: Court dismisses plea
1 year, 6 months ago
₹2,000 note withdrawal: Indians in Gulf regions complain of denial of exchange
1 year, 6 months ago
Delhi HC dismisses plea challenging permission to exchange Rs 2,000 notes without requisition slip, ID proof
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
1 year, 6 months ago
No panic among public after withdrawal of ₹2,000 notes, shows survey
1 year, 6 months ago
₹2,000 note move may have marginal impact
1 year, 7 months ago
Can you deposit or exchange Rs 2,000 notes at post offices?
1 year, 7 months ago
Confusion over forms on Day 1 of exchange of ₹2,000 notes
1 year, 7 months ago
Citizens find it hard to exchange Rs 2K notes
1 year, 7 months ago
Congress demands ‘white paper’ on the withdrawal ₹2,000 currency notes, says it will help black money hoarders
1 year, 7 months ago
Himachal: Devotee donates ₹8 lakh in ₹2,000 notes at Jawalaji Temple
1 year, 7 months ago
RBI defends before Delhi HC ₹2,000 banknote exchange exercise
1 year, 7 months ago
Chaos, Confusion On First Day Of Rs 2,000 Note Exchange In Delhi
1 year, 7 months ago
₹2,000 notes reach banks amid hiccups
1 year, 7 months ago

Discover Related