2000 Rupees Notes: RBI Governor gave new update on 2000 note, Why did the government take this decision?

Reserve Bank of India has not increased the repo rate. Today was the last day of RBI’s Monterey policy, after which this decision has been taken. Today Shaktikanta Das has given an important update on Rs 2000 notes as well.

RBI Governor Shaktikanta Das says that withdrawing Rs 2000 bank notes will be of great benefit. Along with this, there will also be an increase in liquidity. So far 87 percent of the Rs 2000 notes have been returned.

Increase in cash

The RBI governor said that the decision taken by the government regarding Rs 2000 notes has increased surplus liquidity. With the introduction of Rs 2000 notes, there has been an increase in liquidity.

Know the level of cash

Let us tell you that liquidity reflects the amount that is immediately available to meet the debt or is used for investment. Along with this, it also shows the level of cash.

The decision was taken on May 19.

According to the information received last week, the total value of Rs 2000 notes that have been out of circulation till July 31 is Rs 3.14 lakh crore. On May 19, the central government had decided to withdraw 2000 rupee notes from circulation.

There was no change in June and April quarter as well

RBI did not change the repo rate even in the previous monetary policy review meetings of June and April. Earlier, mainly to bring inflation under control, the repo rate was increased by 2.50 per cent six times since May last year.

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