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Hyderabad: Chief Minister A. Revanth Reddy termed BRS chief K. Chandrashekar Rao a 'banned Rs 1,000 currency note' that holds no legal value. Bitterly attacking Rao for claiming that 200 farmers had...
Experts say the primary determinants are inflation and the velocity of money, which is necessarily the rate at which currency is exchanged.
Rs 2000 note exchange: Curious about depositing or exchanging 2000-rupee notes at post offices? Check details here.
The RBI on Friday said that it had withdrawn Rs 2,000 currency notes but the note will remain a legal tender. It has asked people to deposit/exchange the currency till September 30, 2023.
The RBI on Friday said Rs 2,000 denomination notes to the value of Rs 3.62 lakh crore were in circulation on March 31, 2023.