 "Viral Acharya, RBI")
The impact of demonetisation might be seen on some sectors of the economy in the fourth quarter (January to March, Q4) of the current financial year (2016-17, FY17), said Reserve Bank of India Deputy Governor Viral V Acharya on Monday. He added the remonetisation exercise should be completed in two to three months.
Prime Minister Narendra Modi had announced the demonetisation of old Rs 500 and Rs 1,000 notes on November 8. Economists and analysts had expected the ensuing cash crunch to adversely affect gross domestic product (GDP) growth in the third quarter (October-December). But with growth at 7 per
