The central bank clarified that older Indian Rs 500 and Rs 1,000 notes issued before November 9, 2016, will continue to ...

Nepal has allowed Indian and Nepali nationals to carry newer Indian Rs 200 and Rs 500 notes up to Rs 25,000 per person. The ...

Plastic Note: Preparations are underway to replace 10 and 20 rupee notes in the country. According to the RBI, 10 and 20 ...

(Bloomberg) -- India is withdrawing its highest value currency note from circulation, giving consumers and businesses a four-month deadline to exchange or deposit the legal tender, a move reminiscent ...

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 ...

The move to retire 2,000-rupee notes, worth $24, has triggered bad memories of a similar campaign in 2016. It has also left some businesses short of change. By Sameer Yasir and Mike Ives Sameer Yasir ...

MUMBAI, June 7 (Reuters) - About three-fourths of Indians are choosing to deposit the recently withdrawn 2000-rupee notes into bank accounts so far rather than exchanging them for smaller ...

India May Soon Get Plastic Currency Notes: In view of the surging demand for currency notes in recent years, the Reserve Bank of India (RBI) has revived its decade-old plan of printing polymer ...

MUMBAI, Sept 1 (Reuters) - The Reserve Bank of India (RBI) on Friday said 93% of the country's highest denomination 2,000-rupee currency notes - worth 3.32 trillion rupees ($40.14 billion) - have been ...