Current Cash Exchange Situation?

Can someone tell me, what's the current situation for legally exchanging cash?
Is there still a limit on how much cash can be exchanged?

I prefer to travel with cash, not plastic. Last spring there was still a prohibitive legal limit on exchanging euros to rupees, has the situation improved?
I will be in Delhi in a couple of weeks for one day before traveling on to rural Bihar. Changing money in one go simplifies my journey. Any suggestions?

No problem and no limit exchanging EUR (or any currency) to INR...

Thanks!

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