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RBI has pumped in Rs 9.2 lakh crore of new notes: Source

The Reserve Bank of India has injected Rs 9.2 lakh crore ($135.21 billion) worth of new currency notes into the banking system to help replace the notes banned in November, a parliamentary panel member quoted RBI governor Urjit Patel as saying on Wednesday. Patel met the panel on finance+ to answer questions about the November 8 abolition of Rs 500 and Rs 1,000 notes+ , or 86 percent of the currency then in circulation, in a bid to unearth billions of dollars of unaccounted money. About 15.4 trillion rupees worth of the notes were removed from circulation.

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