Published • loading... • Updated
Plastic Notes in India Get a Likely Release Date: Here's What RBI Governor Said
Governor Sanjay Malhotra said the notes could last over 30 years and would be aimed at lower denominations with high circulation.
- On Wednesday, August 5, 2026, RBI Governor Sanjay Malhotra announced the Reserve Bank targets launching polymer currency notes by the beginning of the next financial year.
- Malhotra noted that polymer notes have lasted for over 30 years in other jurisdictions and work especially well for lower-denomination notes with high velocity.
- Separately, the RBI Governor said future interest rate decisions will remain data-dependent, with the central bank prioritizing alignment of headline inflation with its 4% target over the medium term.
- Commenting on the Foreign Currency Non-Resident scheme, Malhotra said fund flows have been "robust," with no plans for premature closure despite the central bank's associated costs.
- The Reserve Bank aims to maintain an orderly rupee trajectory, Malhotra said; further strengthening remains possible if geopolitical tensions de-escalate.
Insights by Ground AI
21 Articles
21 Articles
Polymer rupee notes may be a reality in FY28
RBI Governor Sanjay Malhotra announced plans to launch long-lasting polymer currency notes by the next financial year. He also discussed the central bank's data-dependent approach to interest rates, its focus on aligning inflation with the 4 per cent target, and the orderly trajectory of the rupee amidst geopolitical tensions.
RBI on Plastic Current Notes: People in India will soon be holding plastic 10-20 rupee notes. While this proposal has been approved by the Modi government in Parliament, the RBI has also geared up to launch them.
Coverage Details
Total News Sources21
Leaning Left3Leaning Right6Center2Last UpdatedBias Distribution55% Right
Bias Distribution
- 55% of the sources lean Right
55% Right
L 27%
C 18%
R 55%
Factuality
To view factuality data please Upgrade to Premium
