RBI forms task force as cash crisis continues

Rupee banknotes are in short supply

The Reserve Bank of India (RBI) launched a task force today (November 14) to support the changeover to a new currency series, as cash shortages continue to plague the country.

As part of a crackdown on "black money", the RBI and government withdrew India's two highest-denomination banknotes, the Rs500 ($7.50) and Rs1,000, from circulation at midnight on November 9, replacing them with a new Rs500 and an Rs2,000 note.

The move led immediately to queues outside banks and at ATMs, with many cash

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