India raises withdrawal limit as rupee anger mounts

The Indian government has raised the limit on cash withdrawals following widespread public anger about the surprise abolition of 500 ($7.6) and 1,000 rupee notes last week.
Customers can now withdraw up to 2,500 rupees a day from cash machines, rather than 2,000, the finance ministry said.

Many cash machines are not working because they have not been adapted for the new 500 and 2,000 rupee notes.

Long queues at many banks were making it difficult to make withdrawals.

The government said Indian banks had received 3 trillion rupees ($44bn, £35bn) of large denomination notes since the move was announced on Tuesday night.

 BBC

13/11/16

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• India scraps 500, 1,000 rupee currency notes