Manoranjan Sharma, Chief Economist at Infomerics, reacting to the President-elect Donald Trump's warning to BRICS countries regarding the latter's de-dollarisation efforts, stated that the any move from the US will have severe impact on its own country.
According to Reserve Bank of India (RBI) data, six years after the move to ban Rs 500 and Rs 1000 notes, currency in circulation increased by 83 per cent and the value of the currency in circulation as on December 23, 2022, stood at Rs 32.42 lakh crore.