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RBI places printing order for Rs 200 notes

RBI

New Delhi: The Reserve Bank of India will introduce Rs 200 notes, the printing order of which has been placed, sources said.

The decision to introduce Rs 200 notes was taken by the RBI with the consultation of Finance Ministry in March, as per sources.

Soon a notification may be issued by the Reserve Bank of India on the same.

This exercise of printing Rs 200 denomination notes is being undertaken to further improve the currency situation in the country.

The Central government had on November 8 last year announced that Rs 500 and Rs 1,000 notes would no longer be legal tender from November 9.

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