The conversation between human and AI assistant.
What do you think will be the effect of Modi Government's decision of invalidating the RS 500 and RS 1000 notes?
That's great, thanks. So what do you think the immediate effects of the decision will be?
The decision is expected to have several immediate effects, such as a temporary cash crunch, long lines at banks and ATMs, and increased usage of digital payment methods. It is also expected to impact the spending patterns of people, especially those who rely heavily on cash transactions.