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Rs200 notes will be in circulation from today: RBI
August 25, 2017
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MUMBAI: The new Rs200 notes will be in circulation from Friday, the Reserve Bank of India (RBI) announced on Thursday.

The Rs200 denomination banknote in the Mahatma Gandhi (New) series will bear the signature of RBI Governor Urjit R. Patel and will be initially issued by select RBI offices and some banks.

It has the motif of the Sanchi Stupa on the reverse while its base colour is bright yellow.

The note has other designs and geometric patterns aligning with the overall colour scheme, both at the obverse and reverse. The move is aimed at increasing the circulation of smaller denomination notes.

The RBI said the introduction of new denomination and design is done keeping in mind factors like ease of transactions, replacement of soiled banknotes, inflation and the need to check counterfeiting.

Meanwhile, key Indian equity indices on Thursday closed on a flat note with marginal gains as sentiments remained afloat on broadly firm global cues and healthy buying in healthcare, capital goods and IT stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) closed fractionally higher by 4.55 points or 0.05 per cent at 9,857.05 points.

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,673.44 points, closed at 31,596.06 points - up 28.05 points or 0.09 per cent from the previous close at 31,568.01 points.

Indo-Asian News Service

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