The Reserve Bank of India (RBI) has granted additional six months for exchanging currency notes printed before 2005. The public can do so till June 30, 2015. Earlier, the RBI had set January 1, 2015 as the last date for exchange of these notes.
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IntroductionBasic exchange rate arithmetic involves converting one currency to another using the exchange rate. The…
A Special Non-Resident Rupee (SNRR) Account is opened with Authorized Dealer (AD) banks in India…