According to a 2018 disclosure by the Reserve Bank of India (RBI) in response to an RTI query, the production cost of a one-rupee coin is Rs 1.11. The disparity between production costs and face ...

The primary medium of exchange in India is the rupee (INR). It was introduced as a silver coin by Sher Shah Suri in the 16th century. The rupee then became a fiat currency under British colonial rule.

New Delhi: For many, it might come as a surprise that it costs more than its value to mint Rs 1 coin. In response to an RTI filed in 2018, RBI made this revelation where it disclosed that it costs ...

The problem stems from the large variety of 10-rupee coins in circulation. More than 5 billion coins, worth over $775 million, have been minted since 2010. Rs. 10 coin have been issued both with ...

Gulf News Archive Dubai: The Indian rupee has pulled back from its all-time low of 23.95 to the dirham (87.95 to a dollar), but there is as yet nothing to suggest whether the pressure has eased ...

The Indian rupee will weaken more against the U.S. dollar over the coming year than previously thought on escalating fears of a U.S.-led global trade war and a slowing domestic economy, a Reuters poll ...

MUMBAI, Feb 17 (Reuters) - The Indian rupee's ... out positions, the rupee is expected to more broadly track the dollar's move. The dollar index declined about 1% last week -- and is down about ...