RBI to issue Rs 500, Rs 10 banknotes with rupee symbol soon

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The Reserve Bank will issue Rs 500 and Rs 10 denomination bank notes with rupee symbols shortly, it said in a release.

"The Reserve Bank of India will shortly issue Rs 500 denomination banknotes with rupee symbol on the obverse and the reverse, inset letter 'E' in both the numbering panels," it said.

While the Rs 10 denomination banknotes to be issued with rupee symbol would bear inset letter 'A'.

Both the banknotes in the Mahatama Gandhi Series-2005 bearing signature of Governor D. Subbarao will carry the year to printing '2012' on the reverse, it added.

The design of these banknotes to be issued would be similar in all respects to the banknotes issued earlier in the 2005 series, RBI said.

The central bank said both the kind of banknotes issued by it in the past would continue to be legal tender.