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RBI defends Rs 2000 note exchange exercise in court, says no demonetisation

The Reserve Bank of India (RBI) on Tuesday told the Delhi high court that withdrawal of Rs 2000 notes is not demonetisation but a statutory exercise, and the decision to enable their exchange was taken for operational convenience. The court was hearing a plea by lawyer Ashwini Kumar Upadhyay that the notifications by the RBI

RBI defends before Delhi HC Rs 2,000 banknote exchange exercise; court reserves judgement

RBI defends before Delhi HC Rs 2,000 banknote exchange exercise; court reserves judgement
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Delhi HC reserves order on PIL against RBI, SBI permitting Rs 2K note exchange without ID proof

The Delhi High Court on Tuesday reserved its judgement on a plea challenging the Reserve Bank of India (RBI) and State Bank of India (SBI) notifications, that permits exchange of notes without any identity proof.A division bench of Chief .

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