BusinessIndia scraps 500 and 1000 rupee notes01:45This browser does not support the video element.BusinessJonas Kennilej11/10/2016November 10, 2016With immediate effect, the 500 and 1000 rupee notes are no longer valid – a decision that’s been met with shock and frustration across India. The government hopes to crack down on counterfeiting.Copy linkAdvertisement