RBI to soon test plastic waters with Rs10 notes

RBI will soon “test waters” for plastic currency, beginning with Rs 10 notes and the process should be “fully on” in the coming year. “Plastic currency is to test waters with one denomination. We started the process of procuring it. But in the process some technical problems had come up. So we are redoing that. So in the coming year we should get the process fully on. That is about plastic currency per se,” Reserve Bank’s Deputy Governor R Gandhi on Thursday said. He was replying to a question on the issue of plastic currency. The RBI for long had been planning to launch plastic currency notes after field trials. It had also received tender bids for one billion notes.