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₹2,000 notes worth ₹1.80 lakh cr have returned back to banks: RBI

Reserve Bank Governor, Shaktikanta Das on Thursday during the Monetary Policy Committee meeting announced that almost ₹1.80 lakh crore have been deposited in the banks so far. The announcement for the withdrawal of the highest denomination was made last month. For which, Sep...
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Inflation to be above 5%, GDP growth forecast 6.5% for 2023-24: RBI

Following the conclusion of its three-day Monetary Policy Committee (MPC) meeting, Reserve Bank of India (RBI) Governor Shaktikanta Das has announced the decision on the key policy rates. Notably, the inflation forecast for the financial year 2023-24 is lowered to 5.1% from an...
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RBI plans lightweight payments system for emergency situations: All you need to know

Acknowledging the potential vulnerabilities of current payment systems like RTGS, NEFT, and UPI during catastrophic events that may disrupt communication infrastructure, the Reserve Bank of India (RBI) has taken note. As a proactive measure, the RBI has developed a concept for...
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Why is Sep 30 deadline for Rs 2000 exchange? Clarifies RBI Governor

While addressing the media on Monday, Shaktikanta Das, the governor of the Reserve Bank of India (RBI) announced that the withdrawal of Rs 2000 banknotes will continue to be a legal lender. “We have clearly explained in our press note that the Rs 2000 notes were primarily is...
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RBI withdraws ₹2000 note from circulation; exchange facility available till Sept 30

The Reserve Bank of India has decided to stop printing bank notes with the denomination of ₹2000, however they are still apparently considered legal money. Banks have been ordered to stop producing bills worth ₹2000. In November 2016, the ₹2000 denomination banknote was ...

Truck carrying ₹535 crore breaks down while heading to Villupuram

Around 100 police officers were stationed in Tambaram on Wednesday afternoon in response to smoke coming from a container truck. The truck was susp...

India’s retail inflation falls to an 18-month low of 4.7%

Retail inflation in India fell to an 18-month low of 4.70 per cent in April, according to statistics issued by the National Statistical Office (NSO...

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