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Currency

Unequal Gains

India’s wealth story is increasingly told through a confusing set of headlines. On the one hand, the country is adding new dollar-millionaires at a brisk pace. On the other, the average Indian adult is not materially better off than a few years ago.

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.

US adds India to currency watch list with China

The US Treasury added India to its watch list of countries with potentially questionable foreign exchange policies, joining China and four others, according to a report issued on Friday.