India will print the 1 rupee once more

The Government of India has announced that for the first time in 20 years the 1 rupee note will be printed again. The note was discontinued in 1994 because of high costs.

As before, the new one rupee note will have the signature of the Finance Secretary. Apart from the one rupee note, all other paper currency (2, 5, 10, 20, 50, 100, 500 and 1,000 rupees) have the signature of the RBI Governor, as these are issued by the Reserve Bank of India , whereas the 1 rupee note is issued by the Government of India. 

I'm not sure you will be able to buy a lot with the new note though, since 1 rupee equals 0.013 euro and 0.015 US dollar. No word on the design of the new note yet, but this was the design of the notes printed in 1994:

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Steven Friday 02 January 2015 at 09:24 am | | news
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