Notes worth 500 and 1,000 rupees will be invalid starting at midnight ... Only 2% of Indians pay any income tax at all because most people work in the economy's informal sector that includes ...

all the laws and rules related to banks and Indian currency are made by the Reserve Bank of India. RBI has recently taken an ...

T he rupee settled for the day on a flat note higher by just 1 paisa at 84.84 (provisional) against the US dollar on Wednesday, a tad above its all-time low level, amid rising expectations of a ...

On 8 November, Mr Modi gave only four hours' notice to announce that all 500 and 1,000 rupee notes - effectively 86% of India's cash - would no longer be valid. The 2,000 rupee notes were ...

"Since all the 2000-rupee notes will come back in the banking system, we will see a reduction in cash in circulation and that will in turn help improve banking system liquidity," said Madhavi ...

It comes in an electronic format and has the same value as the Indian rupee notes. As recognized by the RBI, the eRupees can be used all across India and beyond its boundaries and there is no need ...

Indians can exchange 2,000 rupee notes at banks till 30 September Indians are exchanging 2,000-rupee ($24 ;£19) notes at banks as the country aims to withdraw the currency from circulation.

The rupee settled for the day on a flat note higher by just 1 paisa at 84.84 (provisional) against the U.S. dollar on Wednesday (December 11, 2024), a tad above its all-time low level, amid rising ...