Page 7 - Rs 2000 Note News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Experts say the primary determinants are inflation and the velocity of money, which is necessarily the rate at which currency is exchanged.

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

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

Rs 2,000 notes can be exchanged at banks starting today. What effect will it have on gold prices today? Q4 earnings of Ashok Leyland, JSW Energy, Biocon, Bikaji Foods International, Bajaj Electricals, Metro Brands, Fortis Healthcare and Kirloskar Industries will be in focus on 23rd May. Also know about petrol, diesel price today, PM Modi’s Australia diaspora address, Motorola Edge 40 launch and more in this Business Today Visual Story.

The withdrawal decision questions RBI’s policy on currency management once again. This is the third decision to withdraw currency notes of specific denominations in less than 10 years