The currency notes of Rs 2,000 worth Rs 5,884 crore are still in circulation, as per official data released on October 1.
According to a PTI report, Rs 2,000 notes continue to be legal tender. The Reserve Bank of India (RBI) had withdrawn the currency notes of Rs 2,000 from circulation on May 19, 2023.
In a statement, the RBI said the total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on May 19, 2023, has declined to Rs 5,884 crore at the close of business on September 30, 2025.
“Thus, 98.35 per cent of the Rs 2000 banknotes in circulation as on May 19, 2023, have since been returned,” the statement read.
Earlier in the day, In a unanimous decision, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) kept the policy repo rate unchanged at 5.5 per cent in its policy announcement on Wednesday, RBI Governor Sanjay Malhotra said.
The governor informed that the MPC met on September 29 and 30, and October 1, to deliberate on the prevailing economic conditions and decide on the interest rate trajectory.
After a detailed assessment of the evolving macroeconomic outlook, the committee voted unanimously to maintain the repo rate at 5.5 per cent.
He stated, “The MPC voted unanimously to keep the policy repo rate unchanged at 5.5 per cent.”
With this decision, the Standing Deposit Facility (SDF) rate also remains unchanged at 5.25 per cent. The Marginal Standing Facility (MSF) rate and the Bank Rate continue to stand at 5.75 per cent.
