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

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 ...

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

The sliding rupee's impact on imported inflation and loan costs contrasts with the boost it provides to exports, as weaker ...

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

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 rupee traded in a tight range and settled 1 paisa lower at 86.62 (provisional) against the US dollar on Friday, as massive outflow of foreign funds and falling domestic equity markets dented ...

For the next few sessions the rupee value is expected to be guided by the dollar index. Dollar index expected to remain volatile as it awaits data like US GDP and Non-Farm Payrolls (NFP ...