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The decline is mainly due to the Reserve Bank of India’s (RBI) decision to withdraw the Rs 2,000 denomination notes from circulation on May 19 this year.
Reserve Bank Governor Shaktikanta Das has stated that Rs 2,000 denomination notes are making a comeback, with only Rs 10,000 crore worth of such notes
The currency in circulation, in value terms, soared from Rs 17.74 lakh crore on November 4, 2016, to Rs 32.42 lakh crore on December 23, 2022.
According to a new study, a gold coin long dismissed as a forgery appears to be genuine and depicts a long-lost Roman emperor named Sponsian.
In a remarkable development for the first time in 20 years, currency in circulation declined during this year's busy Diwali week.