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News digest: RBI on banned notes, Birlas in 1-bn JV, Rupee fall and more

The Reserve Bank of India (RBI) has claimed that 99.3 per cent of the notes invalidated during demonetisation in November 2016 have returned to it

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Birlas in $1 bn JV for stressed assets

Aditya Birla Group and US investment firm Värde Partners on Wednesday announced an exclusive joint venture partnership to invest as much as $1 billion (about Rs 70 billion) in stressed assets in India. Read More


99.3% of banned notes are back

The Reserve Bank of India (RBI) has claimed that 99.3 per cent of the notes invalidated during demonetisation in November 2016 have returned to it. After processing and verification, the total value of specified banknotes (SBNs), as the banned currency is referred to, is Rs 15.31 trillion. Read More


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