Economy of India and is also accepted as legal tender in neighbouring Nepal and Bhutan, both of which peg their currency to that of the Indian rupee. The rupee is divided into 100 paisas. The highest-denomination banknote is the 2,000 note; the lowest-denomination coin in circulation is the 50 paise coin. Since 30 June 2011, all denominations below 50 paise have ceased to be legal currency. India's monetary system is managed by the Reserve Bank of India (RBI), the country's central bank. Established on 1 April 1935 and nationalised in 1949, the RBI serves as the nation's monetary authority, regulator and supervisor of
School of Law, University of Mumbai School of Law, University of Mumbai The School of Law, University of Mumbai is a public institution for undergraduate legal education in India. It is established under Department of Law, University of Mumbai and is situated at the University of Mumbai, Thane Sub Campus, Thane, Mumbai. The college is the one of the two law colleges in Mumbai University to offer B.B.A. - LL.B. Course, the other being University of Mumbai Law Academy. School of Law is a University administered Institution. The Campus also houses Institute of Distance & Open Learning and Management courses. Admissions to undergraduate courses happen through