No new notes in FY 18

The Reserve Bank of India (RBI) has reduced its order for printing banknotes in the current fiscal year which is the lowest in last five years for lack of space in the currency chests of the central bank and commercial banks.

The indent (government jargon for order) for fiscal 2018 now stands at 21 billion pieces of currency, as against 28 billion pieces in the previous year, the two people said on condition of anonymity.

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