Will the Rs 2,000 notes disappear from Indian market?

An Indian Express report stated that the Reserve Bank of India had informed in reply to an RTI query that it had stopped printing of the high denomination notes this financial year.

This is the reason that ATMs are hardly dispensing Rs 2,000 notes for past few months.

The Bharatiya Reserve Bank Note Mudran Private Limited has not printed a single banknote of Rs 2,000 denomination in this financial year, the report added quoting their RTI reply.

According to analysts this has been done to prevent easy hoarding and black money.

While some say the move was done to encourage digital transactions.

Notably, the RBI had introduced the Rs 2,000 note after the demonetization in November 2016.

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