Prime Minister Narendra Modi had on Nov 8 banned 500 and 1,000 rupee ($7.30-$14.60) banknotes, which accounted for 86 percent of currency in circulation.
New Delhi: A farmer in southern India committed suicide fearing she would be left penniless after the government’s shock decision to withdraw high denomination notes from circulation, police said.
Kandukuri Vinoda, 55, had a large amount of cash at her home in 1,000 and 500 rupee (US$15 and US$7.50) notes and panicked that her savings had become worthless when she heard Prime Minister Narendra Modi’s surprise announcement on Tuesday.
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