Even RBI refusing to exchange torn currency notes

NAGPUR: Those banking on the Reserve Bank of India (RBI) as the last resort for exchanging a torn or mutilated note may be left disappointed. In a bid to implement a policy initiated almost a decade ago, which spelt out that RBI should eventually exit from public dealings, the bank's office here has abruptly cut the quota of such notes to be accepted at its counters. As against the norm of exchanging 25 notes from one person, the RBI office at Nagpur is now exchanging only three notes...............

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