Latest from demonetisation

Building the nation, delivering on promises

Prime Minister Narendra Modi's nine years in office have been significant in many ways

PM Modi has taken the country on the path of progress with a leadership style that is not based on inheritance but on merit(HT Photo)
Updated on Sep 19, 2023 12:22 AM IST

Akhilesh flays Centre over ‘exodus of country’s super-rich’

The Samajwadi Party president alleged that the government’s policies centred around only some select businessmen

Samajwadi Party national president Akhilesh Yadav. (HT file photo)
Updated on Jun 16, 2023 11:26 PM IST
By, Lucknow

No urgent hearing on plea against exchange of 2000 notes without ID proof: SC

A Delhi high court bench of chief justice Satish Chandra Sharma and justice Subramonium Prasad had on May 29 held that the present case is not the case of demonetisation but the withdrawal of Rs.2000 denomination banknotes from circulation

The RBI on May 19 announced the withdrawal of Rs.2000 currency notes from circulation (Representative Photoi)
Updated on Jun 01, 2023 12:50 PM IST
ByAbraham Thomas

Withdrawal of 2000 note only currency management exercise: RBI to Delhi HC

RBI had on May 19 announced the withdrawal of ₹2,000 currency notes from circulation. The central bank has asked banks to provide deposit and exchange facilities for ₹2,000 notes until September 30, 2023

RBI had on May 19 announced the withdrawal of <span class='webrupee'>₹</span>2,000 currency notes from circulation (Representative/File Photo)
Updated on May 26, 2023 01:42 PM IST

2,000 note move may have marginal impact

The decision to withdraw the banknotes will impact liquidity, bank deposits and policy rates. All eyes will be on the share of notes exchanged versus deposited

Even if 10-20% of the <span class='webrupee'>₹</span>2,000 notes are deposited, the banking system liquid-ity will improve by <span class='webrupee'>₹</span>35,000-70,000 crore. This would imply that the RBI is less likely to change its monetary policy stance in June (SANTOSH KUMAR/HT PHOTO)
Updated on May 24, 2023 07:12 PM IST
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