Inflows, short unwinding put rupee on course for best month in over 6 years
The Indian rupee is on track to log its best monthly gain since November 2018, boosted by seasonal and portfolio dollar ...
Wall Street Journal6y
The Money Nobody Wants
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 ...
Hosted on MSN3mon
Cost of minting a One-Rupee coin is more than its face value, the cost is..., cost of making Rs 2, Rs 10, Rs 2000 is...
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 ...
Opinion
Tamil Nadu govt's move to replace rupee symbol signals dangerous mindset that weakens Indian unity: Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman on Thursday slammed Tamil Nadu government's move to replace rupee symbol, saying it signals dangerous mindset that weakens Indian unity. The logo for the ...
Rupee to decline on risk aversion spurred by US tariffs, spot date shift
The Indian rupee is set to fall at open on Thursday, pegged back by risk aversion fuelled by the U.S. auto tariffs and the ...
Yahoo Finance1mon
Rupee sidesteps RBI rate cut to end up but posts worst week in over 2 years
Expectations that the Indian central bank will cut rates had also weighed on the rupee earlier in the week. On the day, the currency rose about 0.2% to end at 87.4250 against the U.S. dollar.
Mint10d
Rupee has put RBI between a rock and a hard place
At the same time, a weaker rupee does not sit too well politically as governments often prefer a stronger currency. This puts the Reserve Bank of India (RBI) between a rock and a hard place ...