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 ...
At the same time, a 2 rupee coin costs Rs 1.28, a 5 rupee coin costs Rs 3.69 and a 10 rupee coin costs Rs 5.54. Let us tell you that in Indian currency, some notes and coins are printed by 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 ...
MUMBAI, Jan 16 (Reuters) - Dollar-rupee forward premiums declined on Thursday after India's central bank said ... which in turn pushes down premiums. The 1-year dollar-rupee implied yield declined ...
MUMBAI, Jan 1 (Reuters) - The Indian rupee is likely to open flat-to-slightly-lower on Wednesday, with traders expecting the currency to weaken gradually in the near-term as a hawkish Federal ...
The Indian rupee, which has been on a depreciating track for the last few weeks, is likely to remain under pressure in 2025 due to expectations of a strong dollar driven by the US Federal Reserve ...