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RBI Report clarifies how the decision of Demonetisation was Taken ! - NTv

Tue, Jan 10, 2017, 09:54 PM
The RBI has submitted a report to the Parliamentary committee, over the decision of demonetisation, In this report, the RBI has clarified that the Nov 8 th demonetisation decision was not taken by the RBI, but with the instructions of ths central government. Further, RBI stated that demonetisation decision was taken after a board meeting following the suggestion by centre on 7 th November. RBI explained the reason for the demonetisation is to curb the fakee currency of Rs 500 and Rs 1000 and also to combat terrorism.
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