Opinion

One rupee sets off one's imagination!

OUR BUREAUS | Updated on October 17, 2011


One often hears of poor supply of coins and the Reserve Bank of India releasing more coins and in new formats. The 1-rupee coin released recently with the rupee symbol looks like the 50-paise coin. This has led to the bazaar talk that the 50-paise coins may soon go the way of 25-paise coins. The RBI site still claims: “Coins in India are presently being issued in denominations of 10 paise, 20 paise, 25 paise, 50 paise, one rupee, two rupees and five rupees.” It also says: “Coins up to 50 paise are called 'small coins.” So we can take pride that we have done away with small change and deal only in rupees. Sign of growth!

Published on October 16, 2011

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