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 ...

"Until 1900s, one-rupee denomination in India was issued in coins. However, as the demand for metal shot up during and after the World War I, notes were also introduced and the use of coins was ...

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 local unit settled on a positive note at 86.56 (provisional), registering a rise of 1 paisa over its previous close. On Tuesday, the rupee depreciated 26 paise to close at 86.57 against the US ...

Jio Platforms, led by billionaire Mukesh Ambani, has partnered with internet technology company Polygon Labs. Soon after the ...