Rs 2,000 notes worth Rs 1.80 lakh crore have come back in banks so far: RBI Governor
Mumbai (PTI): Reserve Bank Governor Shaktikanta Das on Thursday said about 50 per cent of Rs 2,000 notes in circulation has come back in the banking system since the RBI announced withdrawal of the highest denomination currency last month.
As on March 31, 2023, he said, Rs 2,000 notes worth Rs 3.62 lakh crore were in circulation.
"So far, Rs 1.80 lakh crore have come back after the announcement," he said during an interaction with media after releasing the bi-monthly monetary policy here.
About 85 per cent of Rs 2,000 notes are coming as deposits in bank accounts and this is in line with expectation, he said.
On May 19, the Reserve Bank of India (RBI) announced the withdrawal of Rs 2,000 denomination banknotes as part of its currency management and permitted the exchange of such notes (up to Rs 20,000 in one go) from May 23 onwards. The exchange or deposit window is available till September 30, 2023.
The governor also urged the public not to panic for exchange or deposit of Rs 2,000 notes but should avoid last minute rush.
He also made it clear that RBI is not thinking of withdrawing Rs 500 notes, or even re-introducing notes in the Rs 1,000 denomination, and requested the public not to speculate on this.
Last month, the RBI governor had said the majority of the withdrawn Rs 2,000 currency notes are expected to be returned to the banking system by the September 30 deadline.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Sooryavanshi's century in vain as SRH beat RR by 5 wickets
Jaipur (PTI): Vaibhav Sooryavanshi's century went in vain as Sunrisers Hyderabad beat Rajasthan Royals by five wickets in their IPL match here on Saturday.
Sooryavanshi hammered his second hundred in the IPL — a 37-ball 103 — as Rajasthan Royals put on board a strong 228 for six after they were put in to bat first.
Sooryavanshi got plenty of support from Dhruv Jurel, who made a 35-ball 51 and, helped the teenager milk 112 runs for the second wicket. In the death overs, Donovan Ferreira (33) played some big shots as RR went past the 200-run mark.
But, SRH chased down the target of 229 with nine balls to spare, with Ishan Kishan top-scoring with a 74 off 31 balls. Abhishek Sharma chipped in with 57 off 29 deliveries as SRH reached 229 for 5 in 18.3 overs.
Brief Scores:
Rajasthan Royals: 228/6 in 20 overs (Vaibhav Sooryavanshi 103, Dhruv Jurel 51; Pat Cummins 1/27, Eshan Malinga 2/38).
Sunrisers Hydearabad: 229 for 5 in 18.3 overs (Ishan Kishan 74, Abhishek Sharma 57; Jofra Archer 2/34, Brijesh Sharma 2/44).
