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RBI had merely Rs 4.94 lakh cr in Rs 2ooo notes till 8 Nov, reveals RTI

News Agencies | First published: 19 December 2016, 17:12 IST
 RBI had merely Rs 4.94 lakh cr in Rs 2ooo notes till 8 Nov, reveals RTI

On 8 November, the day Prime Minister Narendra Modi had announced the scrapping of Rs 1,000 and Rs 500 notes, 2016, RBI had only Rs 4.94 lakh crore in 2,000 rupee notes, which was approximately one-fourth of over Rs 20 lakh crore it had in demonetized currency notes.

This was reveal in a RTI response to Mumbai-based activist Anil Galgali. The response said, Reserve Bank of India (RBI) says on November 8, it had Rs 9.13 lakh crore in 1,000 rupee notes while Rs 11.38 lakh crore in 500 rupee notes.

The RBI says it had 2,473 million pieces of 2,000 rupee notes on November 8 which had a value of over Rs 4.94 lakh crore.

- PTI

First published: 19 December 2016, 17:12 IST
 
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