Government Approves Field Trials for Polymer ₹10 and ₹20 Notes

The government has approved the Reserve Bank of India's proposal to introduce one billion polymer banknotes each of ₹10 and ₹20 denominations for upcoming field trials.

Finance Minister Nirmala Sitharaman stated that procurement is in the initial stage, making it currently impossible to determine the exact timeline or total expenditure for the rollout of these notes.

The government also reported that retail inflation declined to 2.1% in 2025-26, though it rose to 3.9% in Q1 of 2026-27 due to global energy prices and commodity shocks.