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 disparity between production costs and face value extends to other coins as well: Rs 2 coin costs Rs 1.28 to produce. Rs 5 coin costs Rs 3.69. Rs 10 coin costs Rs 5.54. The one-rupee coin is ...