On May 19, the Reserve Bank of India announced that it was pulling out of circulation the country’s highest denomination currency, the 2,000 rupee note (worth $24.27 at today’s exchange rate). Unlike ...
MUMBAI, Sept 19 (Reuters) - The Indian rupee closed little changed on Friday to cap a week of choppy price action that pulled the currency to a more than two-week high, followed by a retreat to near ...
MUMBAI, May 23 (Reuters) - The ultra-short-end of the Indian government bond yield curve looks attractive amid a liquidity deluge following the central bank withdrawing the 2,000-rupee currency note ...
MUMBAI, May 22 (Reuters) - The Indian rupee is expected to open weaker against the U.S. dollar after the central bank said it will withdraw the highest value currency note from circulation.
2000 notes: 2000 rupee notes are still legal tender, meaning they are valid for payments. However, most bank branches or retail outlets no longer accept them for regular transactions. 2000 notes: 2000 ...
MUMBAI, May 22 (Reuters) - The Indian rupee declined and forward premiums dropped after the country's central bank said it will withdraw the highest denomination note from circulation. The rupee was ...
(Reuters) India will withdraw its highest denomination currency note from circulation, the central bank said on Friday. The 2000-rupee note, introduced into circulation in 2016, will remain legal ...