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RBI to increase supply of Rs 200 notes gradually

Business News, National (New Delhi), August 26:-The Reserve Bank of India (RBI) on Friday introduced Rs 200 denomination notes.

Introduction of this denomination is expected to facilitate exchange transactions for the common man and provide complete series of denomination for transactions at the lower end.

These notes are available only through selected RBI offices and banks as it is normal when a new denomination of notes is introduced and the supply increases gradually.

However, the production of these notes is being ramped up by the currency printing presses.

Over time as more notes are printed, it will be distributed across the country through the banking channels and will be available for public in adequate quantity.

-(NAV, Inputs: Agencies)

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