India, June 6 -- RBI Governor Sanjay Malhotra on Friday said a proposal to introduce polymer currency notes is under consideration of the central bank, and the idea is currently at a preliminary stage.

Malhotra said no decision has been taken in the matter as yet, and the apex bank is examining the feasibility of such a move.

"As far as polymer notes are concerned, the proposal is under consideration. As soon as any decision is taken on it, we will inform you," Malhotra said during the post-monetary policy press conference here.

The governor said media reports on the issue carry some truth, but clarified that the central bank has not taken any decision and the proposal remains at a preliminary stage.

"We are examining the pros and con...