RBI's deadline on Rs 2000 notes will end tomorrow, a day before the Governor gave a big update

Economicdesk:
Rs 2000 Note Withdrawal: Reserve Bank of India (RBI) Governor Shaktikanta Das said that 87 percent of the Rs 2,000 notes withdrawn from circulation have returned as deposits in banks. The remainder has been replaced with notes of other denominations. At a press conference after the announcement of the bi-monthly monetary policy review, Das said that out of the Rs 3.56 lakh crore of Rs 2,000 notes in circulation till May 19, 2023, Rs 12,000 crore have still not been returned.
RBI had said last Saturday that till September 29, notes worth Rs 3.42 lakh crore had been returned, while notes worth Rs 14,000 crore were still to be returned. The central bank had also extended the deadline for returning the notes by one week. Das said the RBI wants to focus 'strongly' on the target of bringing inflation down to four per cent. Until the price rise subsides, monetary policy will continue to work on controlling inflation.