Dec 8 (Reuters) - Indian prime minister Narendra Modi announced a shock move on Nov. 8 to ditch 500 and 1,000 rupee notes - worth a combined $256 billion - that he said were fuelling corruption, being ...

India's currency, the Rupee, undergoes a meticulous production process involving the government and RBI. Coins are minted at ...

You may have heard of the demonetization of bank notes in India. That means the country has officially withdrawn recognition of the validity of certain currency denominations. The move was undertaken ...

You are able to gift 5 more articles this month. Anyone can access the link you share with no account required. Learn more. A TAXI DRIVER, center, pleads in front of a gas station attendant to accept ...

MUMBAI (Reuters) - India's withdrawal of larger banknotes from circulation is sparking a surge in cash deposits and raising hopes the added liquidity will allow banks to lower lending rates more ...

Footage showing a couple of boys waving bundles of demonetised Indian currency notes circulated online in posts that falsely ...

ON NOVEMBER 8th 2016, Narendra Modi, India’s prime minister, stunned its 1.3bn people by announcing that most banknotes would soon become worthless. Indians then queued for weeks on end to exchange or ...

India is withdrawing its highest value currency notes of Rs 2,000 (£19.4) from public circulation, the country’s central Reserve Bank of India announced on Friday but added that the denomination will ...

Well, that didn't take long, did it? We're only four months into demonetisation and good quality, but not perfect, fake Rs 2,000 banknotes are being reported in India. That they are reported to ...

NEW DELHI (AP) — Indians awoke to confusion Wednesday after the government withdrew the highest-denomination currency notes overnight to halt money laundering in a country where many in the poor and ...