Sunday, January 15, 2017

Demon final figure

NEW DELHI: Despite the Reserve Bank of India dismissing reports that suggested 97 per cent of the demonetised currency had returned to the bank's coffers by December 30, its own weekly figures on "currency in circulation" indicate that this number is correct. 

These figures, in fact, suggest that only Rs 54,000 crore of the notes banned on November 8 last year failed to make it back. 

More worryingly, this figure has been arrived at on the assumption that no new notes wer .. 

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