OP, so I did the math. See the below. For pretty much all currencies sans Philippines which you show as a +ve move in your data, the +ve trend has strenghtened. Demonetization can not account for this +ve trend, in fact it should have a -ve impact thereby impying external trends did cause the currency move to a large extent. There are lot of global politic and econmic factors but US elections will be the primary one here, with RBI helping INR a little.

<table> <tr> <td> </td> <td> 22-Oct-16 </td> <td> 08-Nov-16 </td> <td> % Change 22 Oct-8 Nov </td> <td> 08-Nov-16 </td> <td> 25--Nov-16 </td> <td> % Change 8 Nov-25 Nov </td> </tr> <tr> <td>INR/Philipine Peso </td> <td> 0.72195 </td> <td> 0.72973 </td> <td> 1.078% </td> <td> 0.72973 </td> <td> 0.72802 </td> <td> -0.234% </td> </tr> <tr> <td>INR/Malaysian Ringitt </td> <td> 0.06252 </td> <td> 0.06328 </td> <td> 1.216% </td> <td> 0.06328 </td> <td> 0.06484 </td> <td> 2.465% </td> </tr> <tr> <td>INR/ Euro </td> <td> 0.01373 </td> <td> 0.01371 </td> <td> -0.146% </td> <td> 0.01371 </td> <td> 0.01378</td> <td> 0.511% </td> </tr> <tr> <td>INR/ Mexico </td> <td> 0.27763 </td> <td> 0.27903 </td> <td> -0.504% </td> <td> 0.27903</td> <td> 0.30124</td> <td> 7.960% </td> </tr> <tr> <td>INR/ Turkish </td> <td> 0.04604 </td> <td> 0.04775 </td> <td> -3.714% </td> <td> 0.04775</td> <td> 0.05033</td> <td> 5.403%</td> </tr> </table>