RBI replaces 60% of banned currency: Rs 9.2 lakh cr remonetised till date

Parliamentary panel members say governor was silent on the amount that has come back

The Reserve Bank of India (RBI) has infused around 60 per cent of the total banned currency notes after demonetisation.

The RBI Governor Urjit Patel told a parliamentary standing committee on finance on Wednesday that the central bank had infused new currency notes worth around Rs 9.2 lakh crore into the system. Currency notes estimated around Rs 15.4 lakh crore were withdrawn when the Centre announced demonetisation on November 8, 2016. Most members in the finance committee, including former Prime Minister Manmohan Singh and panel chairman M Veerappa Moily, spoke in favour of protecting the autonomy of the RBI as