Banking #polymer notes#currency
India Approves Rs 10, Rs 20 Polymer Banknote Field Trials After RBI Proposal
The Indian government has approved the RBI's proposal to field-trial one billion each of Rs 10 and Rs 20 polymer banknotes. The central bank targets circulation from the next financial year, while polymer and paper notes will circulate together as legal tender. Finance Minister Nirmala Sitharaman also reported retail inflation at 3.9% in Q1 2026-27, below the RBI's 4% target.
Aug 11, 2026 1 source