RBI's BIG decision on Rs 20 note, old notes will be…, new notes will have…, If you have it, then read this
According to the RBI, the new Rs 20 note will be part of a fresh series. However, its design and features will be almost similar to the current Rs 20 note. The primary changes will include the Governor's signature and some additional enhancements.
The new Rs 20 note will have a greenish-yellow color and a size of 63mm x 129mm. The reverse side of the note will have an image of the Ellora Caves which shows India's rich cultural heritage. The front and back will have the denomination '20' printed in floral patterns.
The number '20' will also appear in Devanagari script.
The note will include the text RBI, भारत, India, and the numeral '20' in micro-letters.
It will also have Mahatma Gandhi's portrait, the Ashoka Pillar emblem, the Swachh Bharat logo, and a language panel.
The Governor's signature, guarantee clause, and the RBI emblem will be on the front side to check authenticity and security. Will Old Rs 20 Notes Be Discontinued?
No. The RBI has clarified that all existing Rs 20 notes will remain legal tender. You can continue to use them as usual. The introduction of the new notes will not render the older ones invalid.
The RBI's objective is to provide citizens with better-quality, more secure currency notes. The enhanced security features in the new Rs 20 note is to reduce the risk of counterfeit currency.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
2 hours ago
- Mint
Rupee slips past 87-mark against US dollar, hits lowest level in over 4 months. What's behind the weakness?
The Indian rupee weakened past the 87 level against the US dollar on Wednesday, hitting its lowest level since mid-March, amid uncertainty over the proposed India-US trade deal and a surge in global crude oil prices. Analysts also attributed the decline to month-end dollar demand from importers and continued foreign fund outflows. Rupee opened on a weaker note and depreciated by 24 paise from its previous close, touching an early low of 87.15 against the greenback. In the previous session, the rupee had already slipped to an over four-month low, ending 21 paise lower at 86.91. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.11% to 98.77. US President Donald Trump said Indian exports to the US would likely see 20% - 25% tariffs, a move that could squeeze export margins, widen the current account deficit, and keep the rupee under pressure. 'A possible 20–25% tariff on Indian exports, suggested by US political rhetoric, has intensified pressure. Delays in concluding a bilateral trade deal, with a deadline looming August 1, are denting investor confidence. A surging US dollar index, partly due to euro weakness after a US–EU trade deal, is applying headwinds to the INR,' said Jigar Trivedi, Senior Research Analyst at Reliance Securities. Meanwhile, Reuters reported that India is holding off on fresh trade concessions ahead of the August 1 deadline and instead aims to wrap up a comprehensive bilateral deal by September or October. 'The rupee slipped to a fresh four-month low, caught in a crossfire of delayed trade progress, surging oil prices, and global risk repricing. With no breakthrough on the India-US trade front and crude rising sharply, the rupee had little choice but to retreat,' said Amit Pabari, MD, CR Forex Advisors. On the domestic front, focus will be on the Reserve Bank of India's (RBI) monetary policy next week. 'While rates are expected to remain unchanged, the stance will be crucial — a more cautious and assertive tone could support the rupee, whereas a lenient or accommodative approach may weigh on it further,' Pabari said. Jigar Trivedi believes if US-India trade negotiations escalate, or if tariff threats materialize, USD/INR could temporarily breach 87.20 and 87.60 levels in August. Amit Pabari expects the pressure on rupee is likely to persist in the near term. 'Continued dollar strength and trade uncertainty could push it further toward the 87.20 – 87.35 zone. The 87 mark remains a critical level, as heightened volatility around it may trigger RBI intervention. On the downside, support is seen between 86.20 and 86.50,' Pabari said. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
2 hours ago
- Economic Times
Rupee's fall past 87/USD on tariff worries prompts likely intervention
The Indian rupee weakened to its lowest level since mid-March, reaching 86.23 against the U.S. dollar, amid concerns over potential U.S. tariffs on Indian exports. President Trump suggested tariffs of 20%-25%, adding pressure from ongoing foreign portfolio outflows. While the Reserve Bank of India's intervention limited losses, uncertainty persists. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Indian rupee fell to its weakest level since mid-March on Wednesday, hurt by worries over the U.S. potentially imposing a steep tariff rate on Indian exports, though likely intervention by the Reserve Bank of India helped limit the currency's rupee was down nearly 0.5% on the day to 86.23 against the U.S. dollar as of 10:10 a.m. IST.U.S. President Donald Trump said Indian exports to the U.S. would likely see 20%-25% tariffs while speaking to reporters on Tuesday, compounding pressure on the currency from sustained portfolio is holding off on fresh trade concessions ahead of the August 1 deadline and instead aims to wrap up a comprehensive bilateral deal by September or October, a government official told developments come as other nations including Indonesia and Japan have finalised trade deals with the U.S. over the last few the rupee seemed poised for steeper losses on Wednesday, the central bank's likely intervention helped it avert those, an FX salesperson at a large foreign bank the near-term, "expect RBI to continue smoothening volatility while chances of firm intervention to lift the currency are low due to the uncertain environment," the salesperson the day, Asian currencies were mostly rangebound while the dollar index eased slightly to long as the dollar-rupee pair "stays above 86.62, the trend looks positive and buying on dips is favorable," said Ritesh Bhansali, deputy chief executive at FX advisory firm Mecklai addition to uncertainty on trade, foreign portfolio outflows have been a persistent drag for the rupee. Overseas investors have net sold over $1.5 billion worth of local stocks over July. (Reporting by Jaspreet Kalra; Editing by Ronojoy Mazumdar)
Time of India
3 hours ago
- Time of India
Rupee's fall past 87/USD on tariff worries prompts likely intervention
The Indian rupee fell to its weakest level since mid-March on Wednesday, hurt by worries over the U.S. potentially imposing a steep tariff rate on Indian exports, though likely intervention by the Reserve Bank of India helped limit the currency's losses. The rupee was down nearly 0.5% on the day to 86.23 against the U.S. dollar as of 10:10 a.m. IST. Explore courses from Top Institutes in Please select course: Select a Course Category PGDM Others Technology Digital Marketing Management Leadership Data Science healthcare Data Analytics Design Thinking Public Policy MCA CXO Cybersecurity Product Management Healthcare Finance Artificial Intelligence others MBA Project Management Degree Data Science Operations Management Skills you'll gain: Financial Analysis & Decision Making Quantitative & Analytical Skills Organizational Management & Leadership Innovation & Entrepreneurship Duration: 24 Months IMI Delhi Post Graduate Diploma in Management (Online) Starts on Sep 1, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas Prices In Dubai Might Be More Affordable Than You Think Villas In Dubai | Search Ads Get Quote U.S. President Donald Trump said Indian exports to the U.S. would likely see 20%-25% tariffs while speaking to reporters on Tuesday, compounding pressure on the currency from sustained portfolio outflows. India is holding off on fresh trade concessions ahead of the August 1 deadline and instead aims to wrap up a comprehensive bilateral deal by September or October, a government official told Reuters. The developments come as other nations including Indonesia and Japan have finalised trade deals with the U.S. over the last few weeks. Live Events While the rupee seemed poised for steeper losses on Wednesday, the central bank's likely intervention helped it avert those, an FX salesperson at a large foreign bank said. In the near-term, "expect RBI to continue smoothening volatility while chances of firm intervention to lift the currency are low due to the uncertain environment," the salesperson added. On the day, Asian currencies were mostly rangebound while the dollar index eased slightly to 98.8. As long as the dollar-rupee pair "stays above 86.62, the trend looks positive and buying on dips is favorable," said Ritesh Bhansali, deputy chief executive at FX advisory firm Mecklai Financial. In addition to uncertainty on trade, foreign portfolio outflows
