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Kathmandu, Nov 26 (ANI): The Nepal Rastra Bank (NRB) has reduced the exchange limit of INR to 2,000 from 5,000 after India introduced new bank notes of Rs. 500 and Rs. 2,000. The NRB has also requested the people not to use newly introduced note of 500 and 2,000 terming it "illegal", citing Foreign Exchange Management Act, which is still to ratify the bank notes. Nepal has also sent a letter to RBI regarding the matter. It is estimated that 21.9 percent of total Rs 1,039.21 billion foreign reserve in Nepal is constituted by Indian Rupees. The NRB also have formed a committee to recommend the Indian government about the procedures of exchanging the Indian Currency.