Stock of â¹500, â¹2,000 notes was ready before note ban: RBI
The RBI had âkept readyâ a reasonable stock of new â¹500 and â¹2,000 notes before the announcement of demonetisation, Governor Urjit Patel has said. However, no records of discussion between the RBI and the government on demonetisation were maintained because of secrecy, he added. Patel also said discussions had begun in early 2016 when Raghuram Rajan was the RBI Governor. 