You are here

RBI to remove cash withdrawal limits

Central bank says cap will be scrapped altogether from March 13
Thursday, February 9, 2017 - 05:50

BT_20170209_KVRUPEE9_2732959.jpg
The Reserve Bank of India capped cash withdrawals after Prime Minister Narendra Modi's shock decision in November to take all 500 (S$10.50) and 1,000 rupee notes out of circulation.

Mumbai

LIMITS on cash withdrawals will be removed entirely from March 13, India's central bank said on Wednesday, as it left interest rates on hold for the second time since a ban on high-value rupee notes.

The Reserve Bank of India capped cash withdrawals after Prime Minister

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom