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As a result, the one rupee note is the only note bearing the signature of the Finance Secretary and not the Governor of the RBI. [1] Predominantly pinkish green paper is used during printing. The 1-rupee note was first introduced on 30 November 1917, but printing was discontinued in 1926. [2]
All three Presidencies issued gold mohurs and fractions of mohurs including 1 ⁄ 16, 1 ⁄ 2, 1 ⁄ 4 in Bengal, 1 ⁄ 15 (a gold rupee) and 1 ⁄ 3 (pancia) in Bombay and 1 ⁄ 4, 1 ⁄ 3 and 1 ⁄ 2 in Madras. In 1835, a single coinage for the EIC was introduced. It consisted of copper 1 ⁄ 12, 1 ⁄ 4 and 1 ⁄ 2 anna, silver 1 ⁄ 4, 1 ...
Under Section 22, of Reserve Bank of India Act, 1934, Finance Secretary signs the 1-rupee note. [4] As a Secretary to Government of India, the Finance Secretary ranks 23rd on Indian Order of Precedence. [5] [6] [7] [8]
In 2007 RBI issued a new series of Coins, The Hasta Mudra Series, in coins of 50 paisa, 1 rupee and 2 rupee denominations. These coins are stainless steel and feature various Hasta Mudras (hand gestures in Indian Classical dance). The 5 rupee piece that features waves in its design was also issued in 2007, along with a new 10 rupee coin.
It was divided into 1, 26, 5, 10, 50, 100, 1,000 and 10,000 rupees notes. [6] [7] In January 1936, the Reserve Bank of India first issued five rupee notes containing the portrait of King George VI. Then in 10 February rupee notes, in March 100 rupee notes and in June 1938 1000 and 10000 rupee notes were released.
RBI also works to prevent counterfeiting of currency by regularly upgrading security features of currency. The RBI is authorised to issue notes with face values of up to ₹ 10,000 and coins up to ₹ 1,000 rupees. New ₹ 500 and ₹ 2,000 notes were issued on 8 November 2016.
The Indian rupee is expected to stay on the weaker side of 81 per dollar, while bond yields will remain rangebound until the Reserve Bank of India's (RBI) monetary policy decision on Wednesday ...
From 1862 to 1939 AD, one rupee coins were minted from 91.7% silver, weighed 11.66 grams (179.9 grains), had a diameter of 30.78 millimetres (1.212 in) and thickness of 1.9 millimetres (0.075 in). The obverse side of the coins featured the busts of Queen Victoria (1862 to 1901 AD), Edward VII (1903 to 1910 AD), George V (1911 to 1936 AD) and ...