Foreign currency inflows to India

In 2022, value of global commercial services trade grew by 15.0 per cent y-o-y (17.0 per cent in 2021), which was broad-based across sectors and regions, including North America, Europe and Asia.

Bank notes in circulation rose by nearly 8 percent in value in 2022-23

The total value of banknotes in circulation rose from ₹28.26 lakh crore in 2021 to ₹31.05 lakh crore to ₹33.48 lakh crore in 2023, an increase of 18.4% in two years and 7.8% in one year.

₹2000 notes withdrawn: Currency in circulation falls by ₹36,000 crore in one week

The outstanding currency in circulation (CIC) as on May 26 was at ₹34. 4 lakh crore, registering a weekly fall of ₹36,492 crore, shows the latest RBI data

RBI plans to roll out lightweight and portable payment system. Details here

The Reserve Bank has conceptualised a light weight and portable payment system that will be independent of conventional technologies and can be operated from anywhere with a bare minimum staff

Liquidity of banks to improve as ₹2000 notes being deposited: Report

The Reserve Bank of India (RBI) on May 19 announced the withdrawal of ₹2000 denomination banknotes as part of its currency management and permitted the exchange of ₹2000 currency notes up to ₹20,000 in one go from Tuesday onwards.

After ₹2,000 note withdrawal, ₹14,000 crore deposited, ₹3,000 crore exchanged at SBI: Report

As the withdrawn currency note of ₹2,000 continues to be a legal tender and a fairly wide window given for exchange, people are not very anxious.

Withdrawal of ₹2,000 notes will not be disruptive, says RBI Governor

As on March 31, 2023, the share of ₹2,000 notes in total value was a little over 10 per cent.

Returned ₹2,000 notes will be erased from RBI’s book: Report

Analysts believe the economic disruption of the current move to withdraw ₹2,000 banknotes will be limited as other denomination notes will remain in circulation

₹2000 note withdrawal: Not a mini-demonetisation; consumption boost likely, says Emkay

The Reserve Bank of India (RBI) on Friday made a surprise announcement to withdraw ₹2000 currency notes from circulations by 30th September, 2023. Emkay believes this move cannot be compared to demonetisation.

How to exchange your ₹2,000 notes? A step-by-step guide

The one-time limit of exchange of notes at a bank is ₹20,000. There is, however, no limit of depositing the currency in your bank account.

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Foreign currency inflows to India

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