Rs 2,000 notes withdrawal: Currency-in-circulation growth dips to 3.7% in February
The dip in the currency-in-circulation is partly attributed to the Reserve Bank of India's (RBI) decision to withdraw Rs 2,000 banknotes.
Source: businesstoday.in
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The dip in the currency-in-circulation is partly attributed to the Reserve Bank of India's (RBI) decision to withdraw Rs 2,000 banknotes.
The RBI has removed the Rs 2,000 banknotes from circulation. The Rs. 2,000 notes, however, will be lawful until September 30.
The Rs 2,000 banknotes have been withdrawn from circulation by the RBI. But, the Rs 2,000 notes will remain legal till September 30, which is the last date for deposit or exchange of the banknotes.