The Reserve Bank of India (RBI) has responded to media reports alleging a substantial amount of missing banknotes, as per a response to a Right to Information (RTI) query, and debunked all the claims, saying the interpretations drawn from replies to different units as too far fetched and grossly incorrect.

India's RBI refutes allegations of unaccounted currency notes worth billions, calls reports incorrect

With time, throwing of money in air during marriage celebrations seems to have become a notorious trend in India. People generally toss the cash in small denominations.

Man tosses Rs 500 notes in air during ‘marriage celebration’ in India’s Hyderabad, catches attention

Economics Affairs advisor Shaktikanta Das also informed the government was now focusing on printing more Rs 500 notes

Demonetisation: So far, Indian govt has infused 33% of new notes in banks

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India's RBI refutes allegations of unaccounted currency notes worth billions, calls reports incorrect

Man tosses Rs 500 notes in air during ‘marriage celebration’ in India’s Hyderabad, catches attention

Demonetisation: So far, Indian govt has infused 33% of new notes in banks