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Raghuram Rajan signed banknotes to enter market

Tuesday, 6 May 2014 - 6:34pm IST | Agency: IANS
The Reserve Bank of India (RBI) will shortly issue banknotes of Rs.1,000 and Rs.20 denomination incorporating rupee symbol and bearing the signature of governor Raghuram Rajan.
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The Reserve Bank of India (RBI) will shortly issue banknotes of Rs.1,000 and Rs.20 denomination incorporating rupee symbol and bearing the signature of governor Raghuram Rajan.

According to a statement released by the RBI Tuesday, these banknotes will be in the Mahatma Gandhi Series-2005.

"The design of these notes to be issued now is similar in all respects to the Rs.1,000 Banknotes in Mahatma Gandhi Series-2005 issued earlier," the RBI said.

Banknotes of Rs.20 denomination incorporating rupee symbol will also be similar in all respects to the Rs.20 banknotes in Mahatma Gandhi Series-2005.

The year of printing - 2014 - will be on the reverse of the new banknotes.

The RBI said the notes issued in the past will continue to be legal tender. 




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