........This business of notes is livelihood for hundreds in Old Delhi, with vendors offering convenience to customers by charging a fee of up to 20 percent to replace damaged banknotes. A mildly damaged 500 rupee note, for instance, can be exchanged for 480 rupees, while a bundle of crisp, new 10 rupee notes valued at 1,000 rupees is priced at 1,050 rupees. Such roadside vendors work jointly with agents who collect old notes and submit them at the Reserve Bank of India (RBI) office in central Delhi to claim their exchange value according to rules. The same agents also source new notes and distribute them to vendors for a piece of the profit.............
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