Borrowing rates for govt, companies to decline following withdrawal of Rs 2000 notes. Here's why

Borrowing rates for govt, companies to decline following withdrawal of Rs 2000 notes. Here's why https://ift.tt/hZa8fuV removal of India's ₹2,000 banknotes from circulation is expected to increase liquidity in the nation's banking system and result in a decline in borrowing rates for government and corporate entities. The Reserve Bank of India said there is around INR3.62tn ($49bn) worth of the banknotes in circulation as of the end of next March.