Could rising currency in circulation be a reason for the withdrawal of Rs 2000 notes?
Banknotes in circulation are now 15.1 percent of money supply, compared to 13.7 percent in the September 2016 quarter
Source: moneycontrol.com
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RBI's decision to withdraw Rs 2,000 notes to improve liquidity, ease short-term rates: report
The Reserve Bank of India's decision to withdraw its highest denomination currency note from circulation is likely to improve banking system liquidity, bringing down recently elevated short term rates, analysts and bankers said.
Source: indianexpress.com
RBI says decision to withdraw Rs 2,000 notes 'part of currency management operations'
Pointing out that there is enough supply of lower-denomination notes for exchange purposes even after the withdrawal of Rs 2,000 notes, Shaktikanta Das underlined that there is no reason to rush to banks.
Source: indianexpress.com
India scraps the Rs 2000 note: Will this affect the economy?
The Rs 2000 note will remain legal tender but citizens have been asked to deposit or exchange these notes by 30 September. Analysts say this time the move is expected to be less disruptive as a lower value of notes is being withdrawn over a longer period of time
Source: firstpost.com
Rs 2000 Note News: RBI Issues Fresh Advisory For Banks - READ HERE | Personal Finance News, Times Now
Rs 2000 Note News: RBI Issues Fresh Advisory For Banks - READ HERE, Personal Finance News, Times Now
Source: timesnownews.com