The move comes amid reports that the apex bank is all set to release a new denomination, Rs 200 soon.
The central bank had reportedly decided to bring in Rs 200 notes in March after consulting the finance ministry, they said. The notes are going through multiple checks for security and quality at government printing presses.
Mint reported that currently, the focus is on Rs 200 and Rs 500 denominations.
With the introduction of a new, yet relatively lower denomination currency note, the RBI is hopping to ease the currency crunch which is still prevalent in most parts since November 2016, when the Rs 500 and Rs 1,000 notes which constituted for more than 85 per cent of the total notes in circulation was withdrawn.
Even after seven months have passed since the deadline to exchange the demonetized notes expired, the RBI hasn't revealed the value of old notes which have come back.
Vivo sub-brand iQOO has launched the company’s latest 5G smartphone- iQOO Z1x 5G in China on July 9, 2020.
Honor has just launched the Honor 9A smartphone for the global markets and the price starts from €149.90 (US$ 169.6 / Rs. 12,810). Read on to know more.
Honor has just confirmed the launch date of the company's next new 5G smartphone- Honor X10 Max on Weibo.
Realme is all set to launch its new Realme C11 smartphone with MediaTek Helio G35 SoC in Malaysia.
Realme has launched its new Nazro series smartphone- Realme Nazro 10A alongside the Realme Narzo 10 in India. The Next sale of Realme Nazro 10A will be held on June 23 via Flipkart and the Realme India website.
Vivo has just launched the company's latest smartphone Vivo V19 in India as expected.
Realme has launched the company’s latest Nazro series smartphones- Realme Nazro 10 and Nazro 10A in India.
Here is the first look of LG's new entry-level/midrange smartphone - LG Stylo 6 which was shared by reliable leakster Evan Blass.
Xiaomi India has just unveiled it's latest flagship killer- Xiaomi Mi 10 5G smartphone in India.
After several teasers and rumors, LG has finally unveiled the company's latest 5G smartphone- LG Velvet on May 7 in South Korea. The company has also revealed the pricing and availability details of the phone.