One official reason given for this is “because users in India keep the currency folded or tie it with saree or dhoti”. Seriously.
Tag: BANKS
‘Desperate Move’: Mohan Guruswamy Rails Against Modi Govt For Seeking Rs 3.6 Lakh Crore RBI Surplus
“The government doesn’t want the RBI’s money for asset creation — it wants it to retire debts of NPAs,” Guruswamy said.
Rupee Weakens Further, Down 31 Paise Against Dollar
The domestic unit resumed lower at 67.62 as against yesterday’s closing level of 67.43 per dollar.