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Indian rupee window closes as Modi eyes key poll

Indian Prime Minister Narendra Modi's scrapping of high-denomination notes rendered 86 percent of India's currency voidIndians rushed to change their bank notes Friday before a deadline to deposit invalid rupee notes closed, as Prime Minister Modi defended his controversial move to reduce cash in circulation. The Indian leader was widely hailed for his assault on tax evasion but long queues outside banks, a cash crunch and policy flip-flops quickly led to anger in some quarters. “Technology has the power to empower the poorest of the poor,” Modi said in a speech in Delhi.

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