New Delhi, July 10 -- RBI Governor Sanjay Malhotra on Thursday briefed the Parliamentary Standing Committee on Finance about the growth of the Indian economy.

In the meeting, many MPs have asked questions about the status of Rs 2000 bank notes, sources said. In his reply, the RBI Governor stated that Rs 2000 currency notes are no longer in circulation, but they continue to be a legal tender.

The RBI has yet to declare the Rs 2000 currency invalid.

One MP raised the issue of counterfeit currency circulation. The member stated that 1.12 lakh fake notes, worth 500, have been found or seized by the agencies, and considering that more than six crore notes are in circulation, this percentage-wise is quite low.

The governor took note of this...