Rs 1.8 Lakh Cr In 2000-rupee Notes Have Been Deposited, Exchanged: RBI’s Das
India's central bank has seen nearly Rs 1.8 lakh crore of 2000-rupee notes coming back to the system after a decision to withdraw them from circulation.
About 85 per cent of these notes have come back as deposits into bank accounts while the rest have been exchanged, Reserve Bank of India Governor Shaktikanta Das said on Thursday.
In May, the RBI said that it would withdraw these high-value notes from circulation and permitted their exchange or deposit until 30 September.
When announced, the value of these notes in circulation was Rs 3.6 lakh crore, implying that half of this amount has already been sucked out of the system.
The inflows could push up growth in bank deposits.
Currency in circulation was down by Rs 27,280 crore for the week ended 2 June, data from the Reserve Bank of India (RBI) showed late Wednesday. It was down by Rs 36,490 crore in the week ended 26 May.
