Demonetisation of Rs 500 and Rs 1000 Notes - Withdrawal Limit Exceeds From Rs 24,000-50,000; No Limit From Mar 13,2017

March 13,2017  may be more than a month away, but it will be an eagerly awaited date. Cash withdrawal limits from ATMs will finally be lifted on that date. Oh, and the RBI on Wednesday kept its benchmark interest rate unchanged.

Here are the 5 big economic takeaways from Wed Feb 08,2017

- Cash withdrawal limit from ATMs to be scrapped from March 13

- Cash withdrawal limit to be raised from Rs 24,000 currently to Rs 50,000 on Feb. 20

- RBI leaves its benchmark repurchase rate unchanged at 6.25%

- Current fiscal year economic growth is seen at 6.9%; 7.4% in next fiscal (FY 2017-18)

- Growth is expected to recover sharply in 2017-18