Who issue currency note in India?
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The printing of Rs. 1 and Rs. 2 denominations has been discontinued, though the notes in circulation are valid. Reserve Bank of India has been authorized to issue notes of Rs. 5000 and Rs. 10000 also. In fact, as per RBI act, RBI can issue any note of any denomination but NOT exceeding Rs. 10,000.
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HI
In India, the Reserve Bank of India (RBI) issues currency notes on behalf of the central government.
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