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Viral Post: A post is becoming increasingly viral on WhatsApp and other social media platforms, in which it is being claimed that 500-rupee notes will be discontinued from September. It is being said ...
(Bloomberg) -- India is withdrawing its highest value currency note from circulation, giving consumers and businesses a four-month deadline to exchange or deposit the legal tender, a move reminiscent ...
"Rs 500 notes have NOT been discontinued and remain legal tender," the Press Information Bureau (PIB) Fact Check division - ...
On May 19, the Reserve Bank of India announced that it was pulling out of circulation the country’s highest denomination currency, the 2,000 rupee note (worth $24.27 at today’s exchange rate). Unlike ...
MUMBAI, June 7 (Reuters) - About three-fourths of Indians are choosing to deposit the recently withdrawn 2000-rupee notes into bank accounts so far rather than exchanging them for smaller ...
MUMBAI, Sept 1 (Reuters) - The Reserve Bank of India (RBI) on Friday said 93% of the country's highest denomination 2,000-rupee currency notes - worth 3.32 trillion rupees ($40.14 billion) - have been ...
India’s shorter-maturity bonds rallied and money market rates eased on bets that a withdrawal of the nation’s highest value currency note would leave banks with surplus cash to invest. As much as 1 ...
Introduced when the 500- and 1,000-rupee notes were demonetized in 2016, the 2,000-rupee note has now been pulled out of circulation.
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