Latest News
-
1:3 Bonus Share, Rs 13.25/Share Dividend: Buy Maharatna PSU, TP Rs 355, Fundraise Approved -
Results, Dividend, Fundraise On April24: Buy Top Bank Stock Amid Rich Valuation, TP Rs 1400: Nomura -
1:4 Bonus Shares, Rs 7 Dividend: Big Update Announced; Buy The FMCG Stock? -
1:10 Stock Split: 1 Rs 980 Smallcap Has Split Into Ten Shares; Check Out New Price Level, Fundamentals! -
Rs 2.50/Share Final Dividend: Record Date In Due Course; Buy The ITC Group Stock? -
Rs 95/Share Dividend: Record Date On 28th June; Buy Mahindra Group Stock To Be Eligible? -
5 Bonus, Rs 28/Sh Dividend: IT Giant Infosys Beats Estimates In Q4FY24, But ADR Falls Sharply; Here's Why! -
1:10 Stock Split Approved: Small Cap Stock Issues Warrants, Shares Gain 111% YTD -
Wipro Q4 Results Preview: Weak Demand Likely To Drag Revenue Sequentially, EBIT Margins Seen Stable -
Rs 6/Share Final Dividend Declared: Buy The Blue Chip Stock To Be Eligible?
Rs. 200 Officially Launched; RBI To Increase Supply
To have an in-between currency for ease of transaction of Indian citizens, RBI introduced Rs. 200 currency note.
RBI on Friday officially launched Rs. 200 currency note for the first time in its history and said it shall shortly increase its supply across India. The new currency notes have been introduced for the convenience of country men such that they now have a bridge between the high-value Rs. 500 note and Rs. 100.
Currently, the currency is available only at select RBI offices and banks. In a release, the apex bank said, "The production of these notes is being "ramped up by the currency printing presses, and over time as more notes are printed, it will be distributed across the country through the banking channels and will be available for public in adequate quantity".
The new currency is said to provide an optimal mix in respect of currency denominations. Know more about the new Rs. 200 currency notes, here.
In paper form, before the introduction of Rs. 200 currency notes, India has denominations of Rs. 1, Rs. 2, Rs. 5, Rs. 10, Rs. 20, Rs. 50, Rs. 100, Rs. 500 and Rs. 2000.
Goodreturns.in
