BackCurrency in circulation at 90% of level before note ban
1 min read
20 Oct 2017, 11:52 PM IST
As of 13 October, currency in circulation was Rs16.18 trillion, compared to Rs17.97 trillion on 4 November 2016
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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.
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Published: 20 Oct 2017, 11:52 PM IST
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