On August 18, 2017, the RBI published a notification announcing the release of new Rs 50 banknotes in the Mahatma Gandhi (New) Series. The new note is signed by RBI Governor Urjit Patel and has a Hampi with Chariot symbol on the reverse, illustrating the country's cultural past. The note's primary color is Fluorescent Blue. The Rs 50 note, which measures 66 mm by 135 mm, also has the Swachh Bharat emblem and motto. However, all older currencies with a face value of Rs 50 are still regarded legal currency. Note of Rs 200
To assist the blind in the country, each coin had a particular shape: the round 1 naya paisa, the scalloped edge 2 naya paisa, the square 5 naya paisa, and the scalloped edge 10 naya paisa.
Additionally, previous to independence, India's currency was connected to silver. The silver-based rupee varied in value in lockstep with the price of silver, putting it at a considerable disadvantage when competing against gold-backed currencies. This was remedied upon independence.
According to demand, the and to be printed each year are indicated to the Government of India, which is approved following mutual deliberation. The quantity of banknotes to be produced is mostly determined by the need to fulfill demand for banknotes, GDP growth, the need to replace dirty banknotes, and reserve stock needs, among other factors. The Government of India determines the quantity of coins to be struck based on the Reserve Bank's indents.
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