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Withdrawals from ATMs drop as smaller notes in short supply

Withdrawals from ATMs drop as smaller notes in short supply

Tuesday, April 4, 2017, 7:31 AM

Nearly three weeks after the Reserve Bank of India (RBI) lifted cash-withdrawal limits imposed in the wake of demonetisation, ATMs continue to run dry in several locations. Even though cash supply has improved, the availability of lower-denomination notes of Rs.500 and Rs.100 is insufficient. ATM operators were expecting the situation to normalize after the recent assembly elections, but that has not happened.
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