New Delhi: Finance Ministry on Thursday exuded confidence that supply of new currency notes will considerably improve in next 2-3 weeks even as it asked the RBI and banks to “countercheck” the data regarding deposit of now-defunct currency notes to ensure there is no double counting.
The RBI has already pumped in Rs 5 lakh crore worth 500 and 2,000 rupee notes and by month end about 50 per cent of the Rs 15 lakh crore worth demonetised currency would be injected into the system, Economic Affairs Secretary Shaktikanta Das told reporters here. He said three times the total number of lower denomination notes -- 100, 50, 20 and 10 -- which RBI supplies in a year has been supplied over the last five weeks.
About Rs 1.60 lakh crore worth 100 rupee notes were in circulation before November 8 and more than Rs 80,000 crore worth of this notes have been supplied to the market over past five weeks.
