The lines to exchange old 500- and 1,000- rupee notes seem to be getting longer each day, but they are never going to be long enough to reach the millions of Indians living and working abroad. Ever ...
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 ...
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Big update from RBI: New 50 rupee note issued, know what will happen to the old notes...
RBI Currency Rule: In our country, all the laws and rules related to banks and Indian currency are made by the Reserve Bank ...
Dec 8 (Reuters) - Indian prime minister Narendra Modi announced a shock move on Nov. 8 to ditch 500 and 1,000 rupee notes - worth a combined $256 billion - that he said were fuelling corruption, being ...
The move to retire 2,000-rupee notes, worth $24, has triggered bad memories of a similar campaign in 2016. It has also left some businesses short of change. By Sameer Yasir and Mike Ives Sameer Yasir ...
MUMBAI, Nov 28 (Reuters) - India's Prime Minister Narendra Modi shocked the country on Nov. 8 by abolishing 500 and 1,000 rupee notes, which accounted for 86 percent of the cash in circulation. The ...
RBI Currency Printing: The Reserve Bank of India (RBI) holds the right to print and distribute the currency of India. The Indian currency, which has multiple rupee notes and coins, is handled by the ...
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