RBI is still counting demonetised Rs 500 and Rs 1,000 notes: Urjit Patel

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RBI is still counting the old denotified notes banned by the government in November last year. RBI governor Urjit Patel told this to a parliamentary panel on Wednesday in Delhi.

Patel was appearing before the Finance Standing Committee of Parliament. Opposition members who posed some difficult questions to the RBI chief were not satisfied with the answer. A member wondered if the counting would get over “before May 2019” when the term of the Narendra Modi government ends.

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