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The Indian 1-rupee coin (₹1) is an Indian coin worth one Indian rupee and is made up of a hundred paisas. Currently, one rupee coin is the smallest Indian coin in circulation. Since 1992, one Indian rupee coins are minted from stainless steel. Round in shape, the one rupee coins weighs 3.76 grams (58.0 grains), has a diameter of 21.93 ...
The Indian One Paisa coin (Hindi: पैसा) is a former denomination of the Indian Rupee. The 1 coin equals 1 ⁄ 100 (one-hundredth) of the Indian Rupee. The symbol for paisa is (). In 1955, India adopted metric system for coinage and amended the "Indian Coinage Act". Subsequently, one paisa coins were introduced on 1 April 1957.
1973 Indian proof set of coins. Coins of the Indian rupee (₹) were first minted in 1950. [1] New coins have been produced annually since then and they make up a valuable aspect of the Indian currency system. Today, circulating coins exist in denominations of 1, 2, 5, 10, and 20 rupees.
From 1957 to 1964, the paisa was called naya paisa (transl. 'new paisa') to distinguish it from the old paisa/pice which was a 1 ⁄ 64 subdivision of the Indian Rupee. On 1 June 1964, the term "naya" was dropped and the denomination was named paisa. Paisa has been issued in 1, 2, 3, 5, 10, 20, 25, and 50 paise coins.
Officially, the Indian rupee has a market-determined exchange rate. However, the Reserve Bank of India trades actively in the USD/INR currency market to impact effective exchange rates. Thus, the currency regime in place for the Indian rupee with respect to the US dollar is a de facto controlled exchange rate.
Paisa (also transliterated as pice, pesa, poysha, poisha and baisa) is a monetary unit in several countries.The word is also a generalised idiom for money and wealth. In India, Nepal, and Pakistan, the paisa currently equals 1 ⁄ 100 of a rupee.
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.
Coins of the Indian rupee; D. ... Exchange rate history of the Indian rupee; G. Gupta art; I. Indian 1-paisa coin; ... Indian pie; Post-Mauryan coinage;