business News

The Reserve Bank of India is considering introducing polymer currency notes, a move that could enhance durability and security. Governor Sanjay Malhotra stated the proposal is in its preliminary stages, with the central bank examining its advantages and disadvantages. This initiative aims to address the rapid deterioration of existing paper notes and combat fake currency circulation.

Soaring gold prices are driving a surge in old gold exchanges at jewellery stores, now comprising nearly half of sales for major chains. Consumers are leveraging existing jewellery to fund new purchases, a trend amplified by increased import duties and government calls to curb non-essential buying.