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3 Weeks After India's Rupee Ban, a 'Day of Rage'

Monday sees scattered protests

(Newser) - A surprise move earlier this month took India's two largest bank notes out of circulation, and on Monday scattered "day of rage" protests cropped up in various cities in response to the measure, the BBC reports. Although the ban on the 500- and 1,000-rupee notes was meant... More »

India's Shocking Move to Catch Tax Evaders

It's pulling its two largest bank notes from circulation

(Newser) - A surprise announcement out of India Tuesday night is being called by local media a "surgical strike" against currency corruption that's infiltrated the nation, the BBC reports. Per CNNMoney , India Prime Minister Narendra Modi announced that the country's two largest current bank notes—the 500-rupee note and... More »

India's Rupee Finally Gets a Symbol

It's a sign of a growing economy, says government

(Newser) - India's rupee has joined the ranks of the dollar, the pound, the euro, and the yen: It now can be designated with a symbol. After a nationwide contest, India's government announced the winning symbol for its currency, a combination of the Roman letter R and its Hindi equivalent. The government... More »

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