RBI's Rs 2,000 note withdrawal to have little impact on economy
The wide window for deposit and the lower amount of the high-denomination note in circulation will soften the economic impact, economists say.
Source: moneycontrol.com
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How will scrapping of ₹2000 banknotes impact Indian economy, banks?
Analysts and economists do not see a major disruption from withdrawal of ₹2000 banknotes, compared to the impact that was seen in demonisation of old ₹500 and ₹1000 in November 2016. The ₹2000 notes move is also expected to improve banks liquidity system.
Source: livemint.com
What India's decision to scrap its 2000-rupee note means for its economy
The decision is reminiscent of a shock move in 2016 when the Narenda Modi-led government had withdrawn 86% of the economy's currency in circulation overnight
Source: zawya.com
What Indian move to scrap Rs 2000 note means for its economy
India will withdraw its highest denomination currency note from circulation, the central bank said on Friday. The 2000-rupee note, introduced into circulation in 2016, will remain legal tender but citizens have been asked to deposit or exchange these notes by September 30, 2023.
Source: thedailystar.net
India's Decision To Scrap 2000-Rupee Note: Impact On The Economy Explained
Explainer: What India's decision to scrap its 2000-rupee note means for its economy...
Source: chiangraitimes.com