Awaiting for replies.
Reserve Bank of India , RBI only overtakes the currency related matters in India and RBI only has the authority of printing the currency in India. It follows the minimum storage method for the printing of currency in our country. Finance Minister has the authority of printing and supplying the one rupee currency note in India. As per the minimum storage method RBI can issue the worth of currency which equals to at least 200 crore gold and foreign currency. In this at-least 115 crore will be in the form of gold. There are two printing presses in India at where currency is being printed. One press in Nasik, which prints rupees 1, 2, 5, 10 denomination currency notes and another press in Dewas, which prints notes of rupees 20, 50, 100, 500, 1000. Yes RBI maintains the records of the printed currency and coins but we cannot match this currency with circulating currency in the country as some neighbouring countries are also having rupee as their currency.
There are some things that money just cannot buy, like manners, morals and intelligence.
RBI has each record of the currency printed. Based on economy strength, total foreign currency exchange and total golds on hand with the country beside other factors, Government and authorities can decide to print out the currency.
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