Assocham said that the day-long strike observed by public sector banks may negatively impact forex and paper clearing transactions worth up to Rs 1.3 lakh crore.
RBI fixed the reference rate of the rupee at 66.7375 against the US dollar and 70.7151 for the euro.
The positive effects of demonetisation will be visible from April and the completion of remonetisation process will drive consumption going forward, Das said.
Indian small-business owner Ravi Jain fears the govt's note ban move will have a much larger impact than predicted by top policymakers.
The US dollar ended cheaper against the rupee at 66.71/72 per dollar and the pound sterling also finished lower at Rs 82.78/80 at Forex.
The Central Statistics Office is due to unveil the revised advance estimate for GDP growth for 2016-17 after factoring in the note ban impact in the December quarter.
The states' fiscal deficit will rise only marginally to 3.3% in financial year 2017-18 (FY18) from the expected 3.2% in 2016-17, Ind-Ra said.
Buffett mounted a forceful and upbeat defense of the prospects for American business
India's foreign exchange reserves declined by USD 56.8 mn to USD 362.73 bn in the week to Feb 17.