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> if RBI is not releasing the data how are these Bloomberg or any other entity getting their numbers? The Bloomberg report is based on sources. For a moment, l
by denzil_correa 10y ago
> if RBI is not releasing the data how are these Bloomberg or any other entity getting their numbers?
The Bloomberg report is based on sources. For a moment, lets discard the Bloomberg reports and look at actual numbers from RBI. The data from RBI on December 13 shows that 80% of the demonetized currency was already back into the banks. RBI has not released data beyond that point of time. Based on a reasonable guesstimate, I would expect the final number to definitely touch 90% or above. Besides, we already know that unaccounted income in cash is 6% - so don't expect a number lesser than 90%.