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The Indian 5 rupee coin is a denomination of the Indian rupee. The ₹ 5 coin was the highest denominated coin in the country until the minting of the ₹ 10 in 2005. Design of the coin
In 1992, a new stainless steel rupee coin, smaller and lighter than the older rupee, was minted, alongside a 5 rupee Cupronickel coin. In 2005, the 10 rupee coin was minted for the first time. Higher denomination coins were introduced due to an increasing demand for change and the increasing cost of printing ₹2, ₹5 and ₹10 banknotes.
Banknotes of denominations of ₹5, ₹10, ₹20, ₹50, ₹100, ₹500 and ₹1000 of the Mahatma Gandhi Series. The Gandhi Series of banknotes are issued by the Reserve Bank of India (RBI) as the legal tender of Indian rupee. The series is so called because the obverse of the banknotes prominently display the portrait of Mahatma Gandhi.
The Indian 5-rupee note (₹5) is the second smallest Indian note in circulation. The Reserve Bank of India introduced the 5 rupee banknote as part of the Mahatma Gandhi Series in 1996. [ 1 ] The printing of notes in the denominations of ₹5 , however, has been discontinued [ citation needed ] as these denominations have been coinised but ...
This is a list of tables showing the historical timeline of the exchange rate for the Indian rupee (INR) against the special drawing rights unit (SDR), United States dollar (USD), pound sterling (GBP), Deutsche mark (DM), euro (EUR) and Japanese yen (JPY). The rupee was worth one shilling and sixpence in sterling in 1947.
The 1939 rupee is the most expensive rupee, as after 1939 all silver coins effectively became less pure, due to the shortage of silver during World War II. The 1947 rupee, half rupee, quarter rupee and anna coins are also of special interest to collectors, since that was the last year British issued coins were circulated in India.
Trending Now: Suze Orman's Secret to a Wealthy Retirement--Have You Made This Money Move? 50 State Quarters Between 1999 and 2008, a new state quarter was released every ten weeks.
In late 2007, the Indian Rupee reached a record high of 39 Indian national rupee per United States dollars, on account of sustained foreign investment flows into the country. This posed problems for major exporters, IT and BPO firms located in the country who were incurring losses in their earnings given the appreciation in rupee.