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 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 ...