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Congress MP and former finance minister P Chidambaram's remarks came after the RBI announced it will withdraw Rs 2,000 currency notes from circulation.
For the first time since the surprise decision to withdraw the highest denomination currency note was announced, RBI Governor Shaktikanta Das cleared the air and said the decision was part of currency management of the central bank
The RBI last week announced the withdrawal of Rs 2,000 currency notes - the highest denomination in circulation. The move sparked speculation that the central bank may bring back Rs 1,000 currency notes, which were demonetised along with Rs 500 notes in November 2016.
The Rs 2,000 currency note was introduced in November 2016, when Rs 500 and Rs 1,000 notes were withdrawn.
While large traders with major cash pile to get hit, most smaller retailers are hoping for a buying spree among consumers with a pool of cash