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Informist, Friday, Jun. 5, 2026

--RBI Malhotra: Proposal for polymer note currency under consideration 

--RBI Malhotra: Proposal for polymer note currency in preliminary stage 

--RBI Malhotra: We have sufficient currency to fill and refill ATMs 

MUMBAI – The proposal to introduce polymer note currency is under consideration, Reserve Bank of India Governor Sanjay Malhotra said at a press conference Friday after the conclusion of the Monetary Policy Committee's second bi-monthly meeting for 2026-27 (Apr-Mar).

"Whatever new articles have come there is some truth in it, but there is no decision...it is only under consideration," Malhotra said. "We are examining the pros and cons and whether it will be worthwhile to do it.. it's still at a preliminary stage."

The governor said the central bank has sufficient currency to fill and refill automated teller machines and bank branches. If any ATM runs dry or faces a cash shortage, the RBI would send currency there, Malhotra said. "We have a plan...every year we build a plan of what the requirement of currency is, and that is provided to the banks as and when it is required...but certainly if there is a shortage, we will certainly ensure that the shortage is met."  End

Reported by Meera Nair

Edited by Avishek Dutta

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