RBI Reveals: Over 97.62% of Rs 2,000 Currency Notes Circulated Back Into Banking System

The Reserve Bank of India (RBI) said that nearly 97.62 per cent of the 2,000 rupees bank notes have returned to the banking system, and only about 8,470 crore rupees worth of the withdrawn notes are still with the public. On May 19th, 2023, the RBI announced the withdrawal of Rs 2,000 denomination bank notes from circulation. The RBI, in its statement, said that the total value of Rs 2,000 banknotes in circulation, was Rs 3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal…

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Stock Market News: Sensex gains 103 points, Nifty to settle at 20,997

Stock Market News

Stock Market News: The key domestic share indices ended in green amidst mixed global cues.  The Sensex gained 103 points, or 0.15 percent, to close at 69,928 and the Nifty added 28 points, or 0.13 percent to settle at 20,997. In the intra-day session, Sensex hit the new milestone of 70,000 mark to reach an all time high of 70,052 while Nifty also registered a record high of 21,026. Strong macroeconomic data, on the domestic front, along with hopes that the Federal Reserve is done raising rates is reflected on…

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