Rs 2000 currency note withdrawal: What it implies for the Indian economy and what awaits next?
Economists pointed out that large holders of Rs 2000 currency notes will likely attempt to deposit these notes or spend it on durables and there will be a temporary liquidity boon for the banking system as cash in circulation comes back into it.
The RBI announced that it would phase out Rs 2,000 denomination currency notes which make up 10.8% of currency in circulation. (Image: Reuters)