It might come as a surprise, but the cost of minting a one-rupee coin in India is higher than its actual value. According to a 2018 disclosure by the Reserve Bank of India (RBI) in response to an ...

After all, even the 50 paise coin is still in circulation legally. Technically, a penny, which represents one cent in the US, is not equivalent to an Indian rupee. The Indian rupee is a standalone ...

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 ...

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.

A man from Rajasthan garners attention by covering his car entirely with one-rupee coins, creating an internet sensation with a viral video. The coin-covered car has received over 5 million views ...

The Indian rupee inched up on Friday, maintaining its weekly upward trend, with dollar inflows helping mitigate the impact of ...

In an era where the global financial system increasingly dominates political conflicts and warfare, a national currency ...

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 ...