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Showing posts with label indian rupee. Show all posts
Showing posts with label indian rupee. Show all posts
Saturday, 8 February 2014
One billion plastic currency notes of Rs 10 denomination

One billion plastic currency notes of Rs 10 denomination


  • One billion plastic notes of Rs 10 denomination will be introduced on a field trail in a five cities in the second half of 2014.
  • The cities are Kochi, Mysore, Jaipur, Shimla, Bhubaneswar.
  • Plastic currency notes are very difficult to imitate and it have an average life span of five years. Moreover plastic currency notes are cleaner than the paper notes.
  • Plastic currency notes were first introduced in Australia to safeguard against counterfeiting of currency.

Monday, 3 February 2014
Forex reserves up to $292.24 bn

Forex reserves up to $292.24 bn

  • According to RBI release, India’s Forex reserves increased $ 0.16 billion to $292.24 billion from $292.08 billion as of January 24, 2014.
  • Foreign exchange reserves include the country's Reserve Tranche position in the International Monetary Fund (IMF).

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