By Rajendra Jadhav MUMBAI (Reuters) -Indian investors, traditionally obsessed with stockpiling gold, are increasingly turning to silver, which was trading near a 14-year high on Monday, as its returns ...

In place of the rupee (20¢), anna (1/16 rupee) and pie (1/12 anna) of the past, the new money will consist solely of rupees and naye paise (literally: new coins) worth .01 rupees.

The one-rupee coin is minted by the Indian Government Mint (IGM) at Mumbai and Hyderabad. The RBI in its currency presses manufacture from Rs 2 to Rs 2,000.