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What are the repercussions of 500 and 1000 rupee notes not being legal tender anymore?
I would like to discuss the recent decision in India to make 500 and 1000 rupee notes no longer legal tender. What do you think the repercussions of this will be?
This decision is expected to have a significant impact on the economy of India. It could lead to an increase in digital transactions, which would be a positive change. However, it may also cause short-term disruptions in businesses and households that rely heavily on cash transactions.