The Government of India issues coins along with currency notes every year. However, the exact figure of how many coins 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 ...

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 ...

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.