The government, meanwhile, eased restrictions on cash withdrawal by farmers and families in the middle of marriage and sowing season, and at the same time more than halved the limit for currency exchange to Rs 2,000. “The Reserve Bank of India has once again clarified today that there is sufficient supply of notes consequent upon increased production which started nearly two months ago. Members of public are requested not to panic or hoard currency notes,” the central bank said in a statement. Despite ATMs being calibrated to dispense Rs 500 notes, such vending machines are running out of cash because of huge pressure of withdrawal. As a result of this, those who have already exchanged old currency notes are unable to queue up again.

Source: Hindustan Times November 17, 2016 10:17 UTC