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 ...

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 ...

Have you ever thought about how old coins can reveal stories from India’s past? Imagine a busy marketplace where traders ...

In 2010, the Reserve Bank of India celebrated the 1000 years of the renowned Brihadeeswarar Temple in Thanjavur, Tamil Nadu by commissioning a 1000 rupee coin. The obverse of the coin had the ...

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 ...

one rupee, two rupees, five rupees, 10 rupees and 20 rupees are being issued in the country. The coins in the country are produced by the Government of India. Their minting takes place in four mints.

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.

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 ...