Get latest articles and stories on Latest News at LatestLY. Petrol pumps in Kolkata claim that they have witnessed a 10-fold increase in payments using Rs 2,000 notes from people buying fuel since the RBI announced withdrawal of the high-value currency from circulation, officials said on Monday. Latest News | Kolkata Petrol Pumps See 10 Times Hike in Payments in Rs 2,000 Notes Since Withdrawal Announcement.
There is no panic buying as was witnessed in 2016 when currency notes of Rs 500 and Rs 1,000 denominations that were in circulation at that time were withdrawn overnight, says India Bullion and Jewellers Association chief
In Indore, some customers were paying in Rs 2,000 notes while buying fuel worth only Rs 100 for their two-wheelers, an office-bearer of a petrol pumps association said.
There is no panic buying as was witnessed in 2016 when currency notes of Rs 500 and Rs 1,000 denominations that were in circulation at that time were withdrawn overnight, says India Bullion and Jewellers Association chief