India to issue 50-rupee note with L inset letter

The Reserve Bank of India is expected to issue a new 50-rupee (US$1.10) banknote with L inset letter in both numbering panels in the Mahatma Gandhi Series -2005 bearing the signature of D. Subbarao, governor.

Except for the change in the inset letter, the design of these notes to be issued is similar in all respects to the banknotes in Mahatma Gandhi Series - 2005, with additional / new security features issued on 24 August 2005.