Even as digital transactions have grown rapidly across India, the demand for cash for everyday needs continues to remain high.
To handle the challenges linked to sustained cash usage and currency circulation, the Reserve Bank of India (RBI) is planning to introduce plastic, or polymer, rupee notes.
The move is being positioned as a response to the ongoing requirement for physical currency in daily life, alongside the expansion of digital payments.
Further details on the rollout and denominations were not specified in the source report.
