what are the various denominations in which coins are presently available in india
Coins of the Indian rupee Coins of the Indian rupee were first minted in 1950. New coins have been produced annually since then and they make up a valuable aspect of the Indian currency system. Today, circulating coins exist in denominations of ₹1, ₹2, ₹5, and ₹10. All of these are produced by four mints located across India, in Kolkata, Mumbai, Hyderabad and Noida.
Reserve Bank of India Act, 1934 The Section 18 deals with emergency loans to banks. The Section 21 states the RBI must conduct the banking affairs for the central government and manage public debt. The Section 22 says that only RBI has the exclusive rights to issue currency notes in India. The Section 24 states that the maximum denomination a note can be â‚¹10,000 (US$150).