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 ...

New Delhi: The cost to manufacture a one-rupee coin is more than its value. According to a report in 2018, the cost of minting a one-rupee coin amounts to Rs 1.11. The disclosure was made by the ...

The circulation of coins in multiple sizes creates considerable confusion. Implementing a standardised approach to currency ...

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 government is also responsible for designing and minting coins. India adopted the decimal monetary system in 1957, when Rupee 1 was deemed to consist of 100 singular paisa. The Reserve Bank of ...

MUMBAI, Jan 13 (Reuters) - The Indian rupee slumped to a fresh all time-low ... Marketscategory Australia Dec goods surplus shrinks to A$5.1 bln as imports surge 12:43 AM UTC Marketscategory ...

Jio Platforms, led by billionaire Mukesh Ambani, has partnered with internet technology company Polygon Labs. Soon after the announcement made public, social media users are interestingly talking ...