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RBI says banks got 5.45 trillion rupees of high value cash from Nov 10-18

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Reuters MUMBAI
Last Updated : Nov 21 2016 | 2:28 PM IST

MUMBAI (Reuters) - The Reserve Bank of India said banks have received 5.45 trillion rupees ($79.96 billion) of 500 and 1000 rupee notes from Nov. 10-18 after the government decided to withdraw high value bills to unearth billions of dollars worth of "black money".

The total amount includes 5.12 trillion rupees of deposits and 330 billion rupees as exchange of old notes with new ones.

($1 = 68.1079 rupees)

(Reporting by Devidutta Tripathy, Suvashree Dey Choudhury and Abhirup Roy; Editing by Biju Dwarakanath)

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First Published: Nov 21 2016 | 2:14 PM IST

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