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India relaxes cash exchange limits for people getting married

Severe limits on withdrawals of new 500 and 2,000 rupee notes were causing havoc. They will be allowed a one-time withdrawal of 250,000 rupees – more than ten times the current weekly limit of 24,000. Prime Minister Narendra Modis Nov. 8 announcement that 500 and 1,000 rupee notes would immediately be discontinued a move to combat corruption and tax evasion threatened to put the brakes on much impending marital bliss. The 4,000 rupee daily limit on trading in old notes, was nowhere near enough.

India relaxes cash exchange limits for people getting married

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