Indian money is freely accepted in commercial transactions that take place in the Himalayan nation. However, as per the Reserve Bank of India guidelines, no Indian currency note higher than Rs 100 may be taken out of the country--and this restriction is scrupulously implemented by the Indian customs authorities. According to NRB estimates, Indian high-denomination currency of the order of Rs 3.36 crore is in the financial system in Nepal. A large number of NRIs in the United Kingdom urged Prime Minister Modi to allow note exchange abroad also so that they were not inconvenienced. ALSO READ: PM Modi's demonetisation drive already modified 10 times in 7 daysALSO READ: India's chaiwalas and paanwalas go cashless, rock demonetisation with e-bankingALSO WATCH

Source: India Today November 17, 2016 12:00 UTC