RBI to put new coins in circulation

The Reserve Bank of India (RBI) will shortly put in circulation new coins of 50 paise, one rupee, two rupees, five rupees and ten rupees denominations.

The coins of these denominations shall conform to new dimensions, designs and compositions, an official release said here on Tuesday.

These coins will be legal tender as provided in the Indian Coinage Act, 1906.

However, the existing coins in these denominations shall also continue to be legal tender, Vinod Kumar, Assistant General Manager, RBI, Chandigarh, said.