Imagine earning Rs 4 lakh from an old 1 rupee coin lying unused in your drawer or piggy bank. Sounds too good to be true?

Responding to an RTI request the Reserve Bank of India (RBI) revealed that the average cost to manufacture a one-rupee coin is Rs 1.11, more than its own worth. The one-rupee coin, which has ...

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 ...

Collectors and enthusiasts of vintage currency are discovering that this is a golden time to cash in, as demand for old ...

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.

The Indian rupee closed nearly flat on Wednesday, trailing behind its Asian peers as the impact of a weaker U.S. dollar was ...

Producing the humble one-rupee coin costs the Indian government more than its face ... which has been in circulation since 1992, costs ₹1.11 to mint, surpassing its own value.

The Indian rupee opened marginally down on January 16 at 86.42 against the US dollar after ending the previous session at 86.3625. After opening lower, the local currency made some recovery to ...