The average age of the notes are usually less than a year but depend on usage. Lower the value, higher the usage
Yields on 10-year government bond, a benchmark of the prevalent rate in the economy, have fallen more than 25 basis points
To alleviate pain of the customers standing in long queues, RBI also announced a number of measures for banks to follow
A bank holiday on Monday only aggravated the situation as panicked customers stood hours outside branches to deposit and exchange cash
In the absence of adequate Rs 500 notes and complete elimination of Rs 1,000 denomination as of now, people have started panic hoarding of Rs 100 notes
Sensex, Nifty posts second-worst fall of 2016; Rupee drops to 10-week low
SBI's chief economist estimates that the unaccounted cash not coming back into the system could be much higher than Rs 2.5 lakh crore
Public sector lender reported a net profit of Rs 126.84 crore in the second quarter ended September 30
Interview with CEO & MD Melwyn Rego and ED R A Sankara Narayanan
The profit after four quarters is aided by sale of its 18% stake in Star Union Dai-ichi Life Insurance to LIC
Raghuram Rajan was not sure if demonetisation helps in curbing black money
Even as the volume in the currencies market was less, the dealing rooms of banks were buzzing with activity
Rupee opened lower on possibility that equity markets will tank following curbs on high value denomination notes
Banks will remain closed on Wednesday in order to withdraw the existing notes from counters and ATMs
RBI has bought bonds worth Rs 2.1 lakh crore in the past 12 months
Issuances of Uridashi bonds in rupee so far this calendar year has crossed Rs 6,300 crore, against Rs 5,300 crore in full calendar 2015
It would create demand for safe-haven bets like gold and developed-world bonds.
FTSE and SBI had signed a letter of intent last year to create the index that would work as a benchmark for Indian bonds
Analysts say that the sell-off in risky assets will be temporary and could be a buying opportunity for long-term investors
As many as 60 municipalities may issue bonds in the next nine to 12 months to raise funds for developing smart cities