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The acceptability of pink notes in the denomination of Rs 2,000 has come down drastically after the government decided to withdraw them from circulation and gave a four-month window for the same.
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.
The acceptability of pink notes in the denomination of Rs 2,000 has come down drastically after the government decided to withdraw them from circulation and gave a four-month window for the same.
When questioned about the potential reintroduction of Rs 1,000 currency notes, Das responded with
Since RBI announced withdrawal of Rs 2000 notes concerns have been raised regarding acceptance of these notes by petrol pumps in Hyderabad.