RBI defends Rs 2,000-note withdrawal in Delhi High Court, calls move 'currency management exercise' not 'demonetisation'
The Reserve Bank of India (RBI) has defended its decision to abolish INR 2,000 banknotes from circulation, stating it was a currency management exercise rather than demonetisation. The plea made by lawyer Rajneesh Bhaskar Gupta argued that the RBI did not have the authority to make that decision, noting that the absence of a statement confirming whether the government agreed with the RBI's decision raised questions about whether the bank acted alone. , Economy News, Times Now
Source: timesnownews.com
