High-value notes are not new to India. 5000 and 10000 rupee notes were in circulation since independence in 1947. These denominations included a 5000 rupee note introduced in 1954.

India will start withdrawing its highest value currency notes from circulation, ... Item 1 of 2 A cashier displays the new 2000 Indian rupee banknotes inside a bank in Jammu, November 15, 2016.

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).

MUMBAI (Reuters) -India will withdraw its highest denomination currency note from circulation, the central bank said on Friday. The 2000-rupee note, introduced into circulation in 2016, will ...

Indians are exchanging 2,000-rupee ($24 ;£19) notes at banks as the country aims to withdraw the currency from circulation. The note was introduced in 2016 after the Indian government withdrew ...

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.

India’s shorter-maturity bonds rallied and money market rates eased on bets that a withdrawal of the nation’s highest value currency note would leave banks with surplus cash to invest.

The Indian rupee declined and ... The rupee was last at 82.82 to the U.S. dollar, ... The USD/INR forward premiums dropped after the RBI said it would withdraw its highest denomination 2,000-rupee ...

From August 14, 1947 (India's independence) to January 26, 1950 (India became a republic) the Reserve Bank continued to issue the extant notes. 'Gods on Indian currency notes' debate: How the Indian ...

India to withdraw 2,000-rupee notes from circulation. ... India will start withdrawing its highest value currency notes from circulation, ... The withdrawal of 2,000-rupee (S$32.44) notes ...