RBI to provide ₹100 crore in ₹100 notes to Nepal
The RBI has agreed to provide ₹100 crore in ₹100 currency notes to Nepal Rastra Bank (NRB) to ease the acute shortage of ₹100 notes in the Himalayan nation, reports said. NRB officials have said that the Nepali central bank is preparing to bring the amount within January. Notably, the RBI extends ₹600 crore exchange facility to Nepal every fiscal.