Over the next three months, the rupee was forecast to gain about 0.8%, trading at 85.25 per dollar by end-August, and then trade at 85.10 in six months and 85.25 in a year, the poll of 41 FX ...

And because the withdrawn notes amounted to about 86 percent of the cash in circulation at the time, the government decided to introduce the 2,000-rupee bill as a “remonetization” measure to ...