10,000 notes, reveals Finance MinisterThe Reserve Bank of India (RBI) will release a new series of Rs. 1,000 notes in a few months, Economic Affairs Secretary Shaktikanta Das said on Thursday. 2000 note was introduced keeping in mind the convenience of the people and the inflationary pressures. “The RBI had initially said that, looking at the way inflation is progressing, it should introduce Rs 5,000 and Rs 10,000 notes,” added Finance Minister Arun Jaitley, who was also speaking at the conference. “There has been an Indian tradition to keep small amounts of cash at home for exigencies and emergencies,” Mr. Jaitley added.

Source: The Hindu November 10, 2016 07:49 UTC