This 20 Rupees banknote from the Governor C. Rangarajan era represents a significant chapter in Indian currency history. Issued during Rangarajan's tenure as Reserve Bank of India Governor (1992-1997), this note features his distinctive signature, making it a prized piece for Indian currency collectors. The note is graded as Uncirculated (Unc), meaning it retains its original crispness, vibrant colors, and sharp details—a hallmark of premium numismatic condition. This particular issue is notable for its historical importance during India's economic liberalization period. Collectors seek these notes for their combination of modern historical significance, pristine condition, and the collectible appeal of gubernatorial signatures. The Uncirculated grade ensures exceptional eye appeal and long-term value retention. Perfect for collectors focusing on Indian currency series, signature variants, or central bank history, this note makes an excellent addition to any collection of late 20th-century Indian banknotes.