Cabinet approves release of an additional instalment of Dearness Allowance and Dearness Relief due from 01.07.2023
Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.
The Reserve Bank of India (RBI) has appointed Shri Muneesh Kapur as Executive Director (ED) with effect from October 3, 2023.
As the period specified for the withdrawal has come to an end, and based on a review, it has been decided to extend the current arrangement for deposit / exchange of ₹2000 banknotes until October 07, 2023
As of August 31, 2023, 93% of the ₹2000 banknotes in circulation as on May 19, 2023, have been returned. The total value of the returned notes is ₹3.32 lakh crore
As we celebrate India's 77th Independence Day in a few days, I am happy to note that the Indian economy is exuding enhanced strength and stability despite the massive shocks to global economy in recent years.
Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.
88% of the ₹2000 banknotes in circulation as on May 19, 2023, have since been returned
On 27th July the Reserve Bank of India (RBI) clarified that banknotes with a star (*) symbol are legal and valid currency.
The Reserve Bank of India (RBI) has received ₹2.72 lakh crore in ₹2000 notes since May 19, 2023. This is about 76% of the ₹2,000 banknotes that were in circulation as on May 19.
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