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RE: BTC hits $1,000 in India. How is this possible?
You are right @liberosist. The old currencies of INR 500 and INR 1000 are replaced with new currencies of INR 500 and INR 1000. But, right now, the government minted only INR 500 and INR 2000. INR 1000 has to be minted soon.
It's just going to be INR 500 and 2,000 going forward. Maybe there'll be a new INR 1,000 note in the future, but there has been no official announcement as far as I know.