Reserve Bank of India Reports 98.47% Return of ₹2000 Banknotes
The Reserve Bank of India (RBI) announced on Thursday that 98.47% of the ₹2000 banknotes that were in circulation as of May 19, 2023, have been successfully returned to the banking system. This massive liquidity mop-up operation, initiated over a year ago, has reduced the total value of these high-denomination notes from ₹3.56 lakh crore…