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when the Rs 500 and Rs 1,000 notes which constituted for more than 85 per cent of the total notes in circulation was withdrawn.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.
HONOR 9X with 6.59-inch FHD+ display, 48MP triple rear cameras, 16MP pop-up camera launched in India on Jan 14, 2020.
Oppo has launched its new F-series smartphone- OPPO F15 in India on 16, Jan 2020.
Samsung is going to unveil three phones in its upcoming flagship Galaxy S20 lineup– the Samsung Galaxy S20, Samsung Galaxy S20+, and Samsung Galaxy S20 Ultra.
Samsung is all set to launch its new flagship smartphones- Galaxy S20 series at its Galaxy Unpacked event next month.
Xiaomi has filed a trademark for a phone named Pocophone F2. This indicates that the successor of Pocophone F1 is coming soon.
Xiaomi's Black Shark 3 will be the first smartphone arrives with the highest amount of memory- 16GB RAM in the market.
OPPO is all set to launch the Oppo F15 smartphone in India on January 16th, 2020.
Samsung has silently launched its new Xcover series of rugged smartphones - Samsung Galaxy Xcover Pro in Finland.
Vivo is hosting a three-day Christmas Carnival sale starting today and it brings discounts and offers on its range of smartphones.
Xiaomi has announced the "Year-End Mi Fan Sale 2019", offering a wide range of smartphones and smart accessories at discounted prices.