Now Rs. 10 and Rs. 50 banknotes with new rupee symbol

Now the notes of Rs.10 and Rs. 50 denomination will be issued with incorporating the rupees symbol for the first time, which was officially adopted in 2010. Reserve Bank of India has announced that the year of printing will be printed on the reverse of the banknote.

According to sources, the new bank notes bearing the signature of RBI Governor D. Subbarao will have rupee symbol with inset letter 'L' in the Mahatma Gandhi Series-2005.

According to RBI, "The design of these notes, to be issued now, is similar in all respects to the Rs.10 and Rs.50 banknotes in Mahatma Gandhi Series-2005, issued earlier."

All the banknotes in the denomination of Rs.10 and Rs.50 issued by the RBI in the past will continue to be legal tender, the central bank said.

It is noted that a symbol for the Indian rupee was officially adopted in 2010. It is derived from the Devanagari consonant Ra with an added horizontal bar.

(With inputs from IANS)