After taking charge of the new RBI governor, many important updates have come out. Apart from improving the economic situation, inflation has also decreased and the process of cutting interest rates has also started. The MPC meeting to be held in the first week of April has also been expected to cut the repo rate. Now in the update given by RBI, it has been said that he will soon issue 10 rupees and 50 rupee notes in Mahatma Gandhi’s new series. The new series will be signed by Governor Sanjay Malhotra.
About the notes issued earlier
The central bank said in a statement that the design of these notes will be similar to 10 and 500 rupee notes of the new Mahatma Gandhi series. All 10 rupee notes issued earlier by the Reserve Bank will be considered valid. Similarly, 500 rupee notes issued earlier in Mahatma Gandhi’s new series will also be valid. Earlier last month, RBI announced the issue of 100 and 200 rupee notes with the signature of Governor Malhotra.
Update on policy decisions on 9 April.
The MPC meeting of the Reserve Bank starts from 7 April. The RBI Governor will announce policy decisions on 9 April. This meeting will be the first meeting of the current financial year. Therefore it is considered very important. Experts believe that once again the repo rate may be reduced by 0.25 per cent in this meeting.
If the repo rate is cut this time too, it will be the second time when there will be a decrease in the repo rate. It is currently 6.25 percent. This time too, if 25 basis points are cut in it, then it will come at 6 percent. It is expected that this decision of RBI will promote the economy. Earlier in February, the new RBI governor had reduced the repo rate from 0.25 percent to 6.25 percent in its first MPC meeting.
The posts will be released in the market, new notes of 10 and 500 rupees, now what will happen to the old notes? Know in detail the first appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
