Mumbai: The Reserve Bank of India (RBI) said yesterday that 88 percent of the country’s highest denomination 2,000-rupee currency notes — worth 3.14 trillion rupees — have been returned since its decision to withdraw them from circulation.
The RBI said in May 2023 that it would withdraw these high-value notes, permitting their exchange or deposit until Sept. 30. The total value of 2,000-rupee notes in circulation was down to 3.56 trillion rupees as of May 19 from 3.62 trillion rupees as on Mar. 31 — the end of the last fiscal year — the Central Bank said in a statement.
