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Another new note, this time for Rs 200, from RBI on its way?

RBI is likely to start the process of printing Rs 200 notes in June after government's approval

Photo: Shutterstock
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Photo: Shutterstock

BS Web Team New Delhi
Are you tired of receiving higher denominations of Rs 2,000 and Rs 500 notes? Or are you still grappling under the effects of demonetisation where Rs 100 notes are a rare sight at Automated teller machines (ATMs)? Worry no more —The Reserve Bank of India (RBI) has cleared a proposal to inject Rs 200 notes around June, 2017.

The development comes after anonymous sources revealed that the decision was taken at the RBI board meeting in March, Live Mint reported. 

The move comes against the backdrop of government’s aim to rework the Indian monetary system. An RBI spokesperson