No Plans To Withdraw Rs 500 Notes, Ask Public Not To Speculate, Says RBI Governor

The Reserve Bank of India has no plans to withdraw Rs 500 notes from circulation or re-introduce 1000-rupee notes, Governor Shaktikanta Das said on Thursday. "The RBI is not thinking of withdrawing Rs 500 notes, or re-introducing notes in Rs 1,000 denomination; request public not to speculate," Das said at a press conference after unveiling the second bi-monthly monetary policy for FY24.