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 ...

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 ...

(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MUMBAI, June 7 (Reuters) - About three-fourths of Indians are choosing to deposit the recently withdrawn 2000-rupee notes into bank accounts so far rather than exchanging them for smaller ...