On May 19, the Reserve Bank of India announced that it was pulling out of circulation the country’s highest denomination currency, the 2,000 rupee note (worth $24.27 at today’s exchange rate). Unlike ...

(Bloomberg) -- India is withdrawing its highest value currency note from circulation, giving consumers and businesses a four-month deadline to exchange or deposit the legal tender, a move reminiscent ...

MUMBAI, May 22 (Reuters) - The Indian rupee is expected to open weaker against the U.S. dollar after the central bank said it will withdraw the highest value currency note from circulation.

India withdrawing its highest value currency notes from circulation may push some consumers to buy precious metals and real estate, giving a temporary boost to Asia’s third-largest economy. In a bid ...

The move to retire 2,000-rupee notes, worth $24, has triggered bad memories of a similar campaign in 2016. It has also left some businesses short of change. By Sameer Yasir and Mike Ives Sameer Yasir ...

NEW DELHI, May 22 (Reuters) - India's central bank expects most currency notes of 2,000 rupees denomination to be returned to banks by the end of September, Governor Shaktikanta Das said on Monday, ...

MUMBAI, May 22 (Reuters) - The Indian rupee declined and forward premiums dropped after the country's central bank said it will withdraw the highest denomination note from circulation. The rupee was ...

MUMBAI, May 22 (Reuters) - The Indian rupee is expected to open weaker against the U.S. dollar after the central bank said it will withdraw the highest value currency note from circulation.