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Rs. 500 notes or withdraw Rs. RBI Governor Shaktikanta Das (RBI Monetary Policy) made it clear that there is no plan to reintroduce 1000 notes
Mumbai; 08 june (PMI)Rs. 500 notes or withdraw Rs. RBI Governor Shaktikanta Das (RBI Monetary Policy) made it clear that there is no plan to reintroduce 1000 notes. He said that people do not need any speculation on big notes. Rs. The Governor of RBI gave an explanation to this extent in the order that the government has withdrawn the 2000 notes from circulation recently..
Circulating in the market is Rs. They said half of the 2000 notes were returned. Returned to banks Rs. 2000 notes worth Rs. 1.82 lakh crores. Shaktikanta Das stated that 85 percent of the 2000 rupee notes returned to the banks came in the form of bank deposits, while the remaining notes were exchanged. Meanwhile, the RBI has taken a key decision regarding the increase in interest rates as part of the monetary policy review.
In line with analysts’ expectations, it has decided to keep the key interest rates unchanged this time as well. To this extent, RBI Governor Shaktikanta Das announced the decisions taken in the monetary policy review of RBI on Thursday. The repo rate will remain unchanged at 6.50 percent, he said. It has been revealed that SDF rate will be fixed at 6.25 percent, MSF rate at 6.75 percent and Bank rate at 6.75 percent.(PMI)
