What Changes Do You Observe In The Size And The Shape Of The Coins Now?
Answers
The Reserve Bank of India (RBI) is India's leading monetary institution. The RBI prints new currency notes and circulated them through commercial banks across the country. RBI regulates the money supply in the country's economy. If there is more money in the country, then it increases the policy rate such as Cash Reserve Ratio (CRR), Bank Rate and Repo Rate and squeezes the money supply.
The highest monetary authority of India i.e. RBI prints the currency notes of all denomination except one rupee because one rupee note is printed by the Ministry of Finance and signed by the Finance Secretary. However, the Finance Ministry circulates one rupee notes and coins into the economy through the RBI only.
Where coins are minted in India?
India has 4 locations where coins are printed; these are,
1. Mumbai
2. Alipore (Kolkata)
3. Saifabad, Cherlapally (Hyderabad)
4. Noida (UP)