Shaktikanta Das stated that the retail inflation data for this month, which are scheduled to be released on June 12, "could possibly be lower."
Delhi HC on Rs 2,000 notes: The bench of Justices Satish Chander Sharma and Subramonium Prasad said the court will pass the appropriate order while keeping the order reserved.
The RBI on Friday made a surprise announcement of withdrawal of Rs 2,000 currency notes, but gave the public time till September 30 to either deposit the Rs 2,000 notes in accounts or exchange them at banks.
From today, 2000 notes can be changed in banks. 10 notes can be changed at a time in banks. The rest of the notes can also be deposited in the account.
The BJP's spin that the Rs 2000 notes are being withdrawn to unearth black money stands demolished. Ordinary people do not have Rs 2000 notes, said P Chidambaram.
The Rs 2,000 currency notes were introduced in the market after Modi government's demonitisation move when Rs 500 and Rs 1,000 currency notes were banned in November 2016.
Shaktikanta Das, governor of the Reserve Bank of India (RBI), said on Monday that no one should rush to return or exchange their 2,000 rupee notes, a day before people start approaching banks to give up the high-value notes.
According to Das, the deadline was imposed primarily with the intention of encouraging people to return the notes.
Rs 2,000 note ban: PNG Jewellers Chairman and Managing Director Saurabh Gadgil said, "The practice of taking Rs 2,000 notes in lieu of gold at a premium rate is something that may exist only in the unorganised sector. The organised jewellery players stay miles away from such things."
P Chidambaram on Rs 2,000 note: Chidambaram said that he expected the Government of India to reintroduce the Rs 1,000 currency note in the market and added that withdrawing Rs 1,000 and Rs 500 currency notes were a grave mistake and not accepted by the people of the country.
Rs 2000 No ID proof forms required exchanging notes SBI branches bank RBI Rs 20,000-limit
RBI withdraws ₹2000 note from circulation, to remain legal tender
Asaduddin Owaisi posed five questions for Prime Minister Narendra Modi over RBI's decision.
Rs 2000 Note Banned: 2000 notes lasted for seven years. Notes were issued in November 2016, these notes stopped printing in 2018 and in September 2023 these notes will be out of circulation.
Rs 2000 Note Banned: Taking a big decision, the Reserve Bank of India (RBI) on Friday announced the withdrawal of Rs 2000 note from circulation. However, the work to rein it in started four-five years ago.
Rs 2000 Note Banned: 2000 rupee notes have been banned and politics has started. Some are spreading confusion, while some are misguiding.
The exchange of Rs 2,000 notes into bank notes of other denominations can be made upto a limit of Rs 20,000 at a time at any bank starting from May 23, 2023, the RBI said.
The RBI said that people can exchange of Rs 2,000 notes into currency notes of other denominations up to a limit of Rs 20,000 at a time at any bank starting from May 23, 2023. The RBI has advised banks to stop issuing Rs 2,000 denomination banknotes with immediate effect.
RBI withdraws Rs 2,000 note: Rs 2,000 denomination banknote was introduced in Nov 2016, primarily to meet the currency requirement of economy in an expeditious manner after the withdrawal of the legal tender status of all Rs 500 and Rs 1000 banknotes in circulation at that time.
RBI's announcement that it will withdraw Rs 2,000 notes triggered criticism from the Opposition leaders. Leading the attack against the Centre, Congress asked what about the promises made by the government in 2016 while releasing the note.
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