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The fake notes recently seized from Edathua-based Agriculture Officer M Jishamol were found as good as the original.
He decided to accept the employment offer from the RBI after the Kerala government made him wait for years for a job under the sports quota.
In rural areas, the price increase is 6.85 per cent and in urban areas, it is 6 per cent.
Repo rate is the rate at which the RBI lends money to commercial banks. It is used by monetary authorities to control inflation.
Sustained foreign fund outflows and firm crude oil prices further dented investor sentiments, forex traders said.
The 0% interest schemes were banned by the RBI 10 years ago, but it remains on offer even now.
In the last full budget before a 2024 general election, Prime Minister Narendra Modi's government is expected to focus on lowering the fiscal deficit rather than extra spending.
The fiscal health of the states has improved from a sharp pandemic-induced deterioration in 2020-21 on the back of a broad-based economic recovery and resulting high revenue collections.
The auction of the debt instruments will take place through the e-Kuber portal at the office of the Reserve Bank of India at Fort, Mumbai, on December 27.
The Narendra Modi-led BJP government had demonetised Rs 500 and Rs 1,000 currency notes in 2016.
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