The board of the Reserve Bank of India (RBI) has cleared a proposition to present banknotes of Rs200 section, two individuals mindful of the advancement said.
The choice was taken at the RBI executive meeting in March, these individuals said. They would not like to be recognized as they aren't approved to address the media.
The way toward printing the new Rs 200 notes is probably going to start after June, once the legislature authoritatively favors this new section, said one of the two individuals refered to prior.
A RBI representative declined to remark.
The move to present lower group notes comes against the setting of the administration's turn to improve the cash blend.
On 8 November, it declared the withdrawal of Rs 500 and Rs 1,000 money notes, adding up to around 86% of cash available for use of Rs 17.9 trillion.
From that point forward, RBI has supplanted these with the new Rs 2,000 and updated Rs 500 certified receipts. As on 24 March, cash available for use was Rs 13.12 trillion, still around 27% off pre-demonetization levels. The legislature is empowering computerized installments and may not build money available for use to the pre-demonetization level.
On 13 March, RBI lifted all money withdrawal tops. ATM administrators, in any case, say that there is a lack of lower group banknotes.
Up until now, the national bank has not uncovered what number of the old money notes it has once more from people in general. The window for Indians who were out of the nation between 8 November and 30 December finished on Friday.
The RBI board has 14 individuals. Aside from representative Urjit Patel and four appointee governors, the board likewise has monetary illicit relationships secretary Shaktikanta Das and budgetary administrations secretary Anjuly Chib Duggal.