Over 75% of Rs 2,000 notes returned by users to banks https://ift.tt/E5mL71z May 19, the RBI decided to withdraw the ₹2,000 denomination banknotes from circulation after observing that this denomination is not commonly used for transactions. At that time, in value terms the share of ₹2,000 denomination notes was ₹3.62 lakh crore. That was about 11% of the notes in circulation at the end of March 2023 and 2% of the banking system deposit base.
NSE IFSC-SGX Connect may be fully operational by June https://ift.tt/XC89Iks this connectivity, global investors who are clients of SGX will be able to trade in Indian derivatives market remotely without having to set up a shop in India. Currently, only a few trades are being executed through the route.
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