Currency in circulation has reached 90% of the level before the invalidation of the old Rs1,000 and Rs500 notes on 8 November, according to the latest Reserve Bank of India (RBI) data.

As of 13 October, currency in circulation was Rs16.18 trillion, compared to Rs17.97 trillion on 4 November 2016.

Demonetisation took out 86% of the currency in circulation by value.

According to the central bank’s fiscal 2017 annual report, 98.96% of the invalidated notes by value, or Rs15.28 trillion, returned by the end of June.

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