Legal Tender

RBI's fascination with fiat cryptocurrency: Why central bank's gamble can push the Indian economy into chaos

The deputy governor has tied himself into knots by saying that both the existing Indian rupee as well as the fiat cryptocurrency, the RBI is toying with, would hold sway.

Citibank, J.P.Morgan and Bank of America bar use of credit cards for buying bitcoins, other cryptocurrencies

Reserve Bank of India (RBI), country’s banking ombudsman, has also flagged off certain risks associated with the use of virtual or crytpocurrencies

RBI to soon issue fluorescent blue Rs 50 notes; earlier banknotes will continue to be legal tender

The Reserve Bank will soon introduce new fluorescent blue Rs 50 banknotes bearing the motif of 'Hampi with Chariot' that depicts India's cultural heritage

RBI to issue new Rs 20 notes soon, design to be similar to notes currently in circulation

All the banknotes in the denomination of Rs. 20 issued by the Bank in the past will continue to be legal tender.

Fake Rs 10 coins in circulation: RBI flays rumours, calls it 'legal tender'

The Rs 10 coin with rupee symbol and without rupee symbol, are both legal tender