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Director / Editor: Victor Teboul, Ph.D.
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India's Shock Withdrawal of Larger Banknotes Sparks Chaos in Cash Economy

India's sudden withdrawal of 500 and 1,000 rupee notes from circulation, in a bid to flush out money hidden from the tax man, caused chaos on Wednesday as gas stations and other retailers refused to accept the larger bills, and bank ATMs stayed closed. The shock measure also sent shudders through the investment community on a day when the markets were also sent reeling by the prospect of Republican candidate Donald Trump winning the U.S. election, with India's National Stock...

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