It costs more than its value to mint a Rs 1 coin, with production costing Rs 1.11. However, higher denominations like Rs 2, ...

US President Donald Trump has ordered a halt to the minting of pennies, the coins denoting a cent of the dollar, over high ...

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 rupee pared its initial losses and settled for the day on a positive note, higher by one paisa to close at 86.56 (provisional) against the US dollar on Wednesday, supported by positive ...

No definitive timeline or process was revealed, but central bank officials indicate they expect to introduce a new series of ...

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 ...

The 1-month non-deliverable forward indicated that the rupee will open at 86.36-86.38 to the dollar, compared with its close of 86.5675 in the previous session. At one point in the Asia session ...