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India's receipts from 'invisible' services continue to remain flat at $58.6 billion in the first quarter of April-June in current financial, whereas the payments towards those activities increased by 13.8% to $35.05 billion, showed a data by the Reserve Bank of India (RBI) on Monday

Government will re-introduce Rs 1,000 banknotes in a few months and also issue new series of lower denomination bills with enhanced security features.

After the surprise announcement by the government of making Rs.500 and Rs.1,000 currency notes illegal from midnight, the Reserve Bank of India (RBI) announced a 25-point detailed FAQs (frequently asked questions) clarifying the rationale behind the decision.

The Union Finance Ministry reviewed the position regarding availability and distribution of all denomination of bank notes. Some of the highlights of the review and the decisions taken are as follows

The Reserve Bank of India (RBI) said that it will soon start the circulation of new notes of Rs.100 denomination in the market with more identification features.