RBI to launch Rs1000 notes with rupee symbol

The Reserve Bank of India (RBI) has said on Tuesday it will soon issue Rs1,000 denomination notes with the rupee symbol and improved security features. A RBI statement said the new notes will have the letter ‘L’ in both the numbering panels. These notes will bear the signature of RBI Governor D. Subbarao. The year of printing 2012 will be on the reverse. “The design of these notes is similar in all respects to the Rs1,000 bank notes in Mahatma Gandhi Series-2005 issued earlier. All the banknotes in the denomination of Rs1,000 issued by the bank in the past will continue to be the legal tender,” RBI said in a statement. From gulftoday