The exchange and deposit facilities for these notes are accessible not only at banks but also at the 19 Regional Offices (ROs) of the RBI that have Issue Departments.
In fact, there are going to be a total of 17 holidays this month, including Sundays and the second and fourth Saturdays. These holidays are allowed under the Negotiable Instruments Act.
At the interbank foreign exchange market, the local unit opened at 83.10 against the US dollar and moved in a range of 83.05 to 83.16 in the day trade.
This portal has been developed by RBI for use by members of the public to facilitate and make it easier for them to search their unclaimed deposits across multiple banks in one place, an RBI release said
It is necessary to avoid unduly long elongation which sometimes may ... camouflage an underlying stress in a particular loan, Governor Shaktikanta Das said
Rabi Sankar on Tuesday went public with India's concerns on stable coins, saying that they pose an "existential threat" to most countries' policy sovereignty