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Indian banks receive 2t rupees in cash as ATMs get depleted

Mr Jaitley said "there are long but orderly queues. Such a big currency replacement can't be done overnight."


INDIAN banks received 2 trillion rupees (S$41.7 billion) of cash after the government's Nov 8 surprise move to abolish high-denomination banknotes, as customers queued for hours to deposit or exchange the old bills and ATMs ran dry.

With the banned bills accounting for 86...

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