Which department of the RBI is responsible for issuing and managing currency in India?

The department of the Reserve Bank of India (RBI) responsible for issuing and managing currency in India is known as the Department of Currency Management (DCM).

This department is tasked with the overall management of currency in circulation and ensuring the availability of adequate currency notes and coins in the economy. It oversees the printing of currency notes, ensuring that the supply meets public demand and that the notes are of high quality. Additionally, the DCM is involved in initiatives to replace old or damaged currency and to introduce new series of notes. Its responsibilities are crucial for maintaining public confidence in the currency system and ensuring the smooth functioning of economic activities in the country.