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RBI’s move to withdraw Rs 2,000 notes from circulation is going to increase liquidity in the banking sector, particularly in PSU banks as most of the Rs 2,000 notes are expected from tier-2 and tier-3 cities. Watch this Visual Story to see which PSU bank stocks to buy.
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The withdrawal of Rs 2000 notes is creating panic. Some are rushing to buy luxury watches and gold; others are donating to temples and spending on mangoes and food delivery
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The gold market in India is seeing a spurt in sales and it can thank the RBI for it. The central bank’s decision to withdraw the Rs 2000 note from circulation by 30 September has prompted people to buy more gold – with most stores reporting a 20 per cent rise in purchases