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 ...

Its genesis lies in the World War I where the inability to mint coins forced the then colonial authorities to shift to printing Re. 1 notes in 1917. The last hundred years — the first note was ...

The Indian rupee fell to an all-time low on Friday, as maturing non-deliverable forwards and currency futures boosted dollar ...

The Indian rupee weakened to an all-time low on Friday, hurt by persistently strong dollar demand in the non-deliverable ...

The one-rupee coin, which costs ₹1.11 to mint, exceeds its face value, reflecting inflation's impact on production costs. Coins like ₹2, ₹5, and ₹10 have varying minting expenses.

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 ...

There are two kinds of five-rupee coins in circulation in India. A brass one and the other is of a thinker metal. However, ...

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 ...