No information is available about black money and counterfeit notes recovered post demonetisation, RBI said in response to an RTI query.
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The current perceptions of households on the general economic situation remained in the pessimistic zone for four successive quarters, with the outlook worsening, the RBI said.
The Reserve Bank of India (RBI) in its fourth bi-monthly monetary policy review on Wednesday kept the repo rate unchanged at 6 per cent,
The monetary policy committee of the RBI is expected to keep its interest rate unchanged today despite a sharp slowdown in economic growth.
Eight months on, no argument advanced by the government or its backers in favor of demonetisation has been validated by any authority.
According to the RBI data, Rs 100 notes in March made up Rs 2.5 lakh crore, or 19.3 per cent of the total notes in circulation.
The RBI started pumping Rs.200 notes into the system from last Friday in a bid to ease cash transactions and make the currency system more efficient.
While the jury is out on the costs and benefits of demonetisation, for the RBI at least, the note ban was one of the key reasons for lower profits.
The Reserve Bank of India (RBI) will issue the first-ever Rs 200 denomination bank notes tomorrow that is on the 25th of Friday.
According to figures compiled by the Finance Ministry and RBI, SBI accounts for over 27 per cent of the total amount owed to public sector banks.
The new Rs. 50 note has different designs and geometric patterns aligning with the overall scheme, both at the obverse and reverse, the RBI further stated.
RBI included the implementation of house rent allowance or HRA, under the 7th Pay Commission (7th CPC) could lead to inflation.
After months of government pressure to cut interest rates, central bank RBI delivered on Wednesday, putting the onus back on Prime Minister.
The Reserve Bank of India (RBI) has stopped printing the Rs 2,000 currency notes and will not be bringing new notes of that denomination in the current financial year.