when was 1 rupee coin introduced in india
Coins of the Indian rupee After Indian independence, British Indian coins were in use as a frozen currency until India became a republic in 1950. The first rupee coins of the Republic of India were minted in 1950. These included 1/2 rupee, 1/4 rupee, 2 anna, 1 anna, 1/2 anna & 1 pice coins, and are referred to as the anna series or pre-decimal coinage. Under the anna series, one rupee was divided into 16 annas or 64 pice, with each anna equal to 4 pice.
Indian rupee During his five-year rule from 1540 to 1545, Sultan Sher Shah Suri issued a coin of silver, weighing 178 grains (or 11.53 grams), which was termed the Rupiya.[16][17] During Babar's time, the brass to silver exchange ratio was roughly 50:2.[18] The silver coin remained in use during the Mughal period, Maratha era as well as in British India.[19] Among the earliest issues of paper rupees include; the Bank of Hindustan (1770–1832), the General Bank of Bengal and Bihar (1773–75, established by Warren Hastings), and the Bengal Bank (1784–91).
Rupee Rūpiya was first named to a silver coin weighing 178 grains (11.53 g) minted in northern India by Emperor Sher Shah Suri during his brief rule between 1540 and 1545.[3] Suri also introduced copper coins called dam and gold coins called mohur that weighed 169 grains (10.95 g).[4]
Indian 10-rupee coin The Indian 10-rupee coin (₹10) is a denomination of the Indian rupee. The ₹10 coin is the highest-denomination coin minted in India since its introduction in 2005. The present ₹10 coin in circulation is from the 2011 design. However, the previous ₹10 coins minted before 2011 are also legal tender in India. All ₹10 coins containing the rupee sign or without the rupee sign are legal tender, as stated by the Reserve Bank of India.