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
Dabang Mumbai Dabang Mumbai Dabang Mumbai (abbreviated as DBM) is a field hockey team based in Mumbai, Maharashtra that plays in the Hero Hockey India League (HIL). The aim is to build a team for the eight-time Olympic Champions, India be able to compete at the highest level of World Hockey. It is owned by DoIT Sports Management. Australia coach Jay Stacy serves as the head coach for the team. The team is owned by DoIT Sports Management (India) Pvt Ltd, which was incorporated as a part of DoIT Creations Group with the vision of promoting sports, athletes, sports facilities and events