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The Reserve Bank of India said on August 1 that Rs 2,000 banknotes worth Rs 3.14 lakh crore, or 88 percent in circulation, have returned to the banking system, as on July 31. ....
The petition filed on Wednesday, has claimed that the high court has failed to appreciate that the RBI notification of May 19 and SBI notification of May 20, permitting exchange of Rs 2,000 currency notes without obtaining any requisition slip and identity proof, is "manifestly arbitrary and irrational". ....
27% of Rs 2,000 notes pulled back from circulation; printing stopped In value terms, the share of Rs 500 and Rs 2,000 banknotes together accounted for 85.7 per cent of the total value of banknotes in circulation as of March 31, 2021 as against 83.4 per cent as on March 31, 2020 Anand Adhikari | May 27, 2021 | Updated 16:48 IST There is a decline of 9,120 lakh rS 2,000 notes with a total value of Rs 1.82 lakh crore After demonetisation, the Reserve Bank of India (RBI) had issued high-value Rs 2,000 notes, which reached a peak of 33,630 lakh notes during 2017-18 with a value of Rs 6.72 lakh crore. But only 24,510 lakh Rs 2,000 notes with a value of Rs 4.90 lakh crore were in the system as of March. ....