'Brace up for more fake note discovery despite new bills'

"The promise of RBI that new currency notes of Rs 200 and Rs 500 (post demonetisation) are more secure and less prone to counterfeit is not entirely correct," SBI's house economists said in a report released after the RBI came out with its annual report. It said there was a "noticeable increase" in counterfeit notes detected in the denomination of new Rs 500 (up by 4,178 per cent) and Rs 2,000 (by 2,710 per cent), as per the data shared in the annual report.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2LBORB6