Active Stocks

Fri Sep 29 2023 15:59:14

Tata Steel share price
129 1.78%

NTPC share price
245.65 3.3%

Power Grid Corporation Of India share price
199.85 -0.45%

State Bank Of India share price
598.7 1.48%

Wipro share price
406.25 0.11%

Business News/ Politics / Policy/ Currency in circulation at 90% of level before note ban

Back

Currency in circulation at 90% of level before note ban

1 min read 20 Oct 2017, 11:52 PM IST Join us

Livemint

As of 13 October, currency in circulation was Rs16.18 trillion, compared to Rs17.97 trillion on 4 November 2016

According to the central bank’s fiscal 2017 annual report, 98.96% of the invalidated notes by value, or Rs15.28 trillion, returned by the end of June. Graphic by Paras Jain/Mint

Currency in circulation has reached 90% of the level before the invalidation of the old Rs1,000 and Rs500 notes on 8 November, according to the latest Reserve Bank of India (RBI) data.

As of 13 October, currency in circulation was Rs16.18 trillion, compared to Rs17.97 trillion on 4 November 2016.

Demonetisation took out 86% of the currency in circulation by value.

According to the central bank’s fiscal 2017 annual report, 98.96% of the invalidated notes by value, or Rs15.28 trillion, returned by the end of June.

"Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here!