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 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 ...

Stablecoins that are pegged to the US dollar are abundantly available in the market and include Tether and USD Coin. However, rupee-backed stablecoins are just beginning to make inroads in the market.