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Currency

Star series currency notes legal, says RBI

Amid speculations at emergence of bank notes having a star (*) symbol in the number panel, the Reserve Bank of India (RBI) on Thursday clarified that these are the same as any other legal tender, with the only difference being that in the number panel, a star symbol is added between the prefix and the serial number.

Currency turmoil

If the current pace of depreciation continues unchecked, it seems inevitable that the reserve will shrink at a fast pace.