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In order to determine currency denominations, the Reserve Bank of India follows a variation of the Renard series, called the 1-2-5 series, in which a ‘decade’ or a 1:10 ratio is covered in 3 steps, such as 1, 2, 5, 10, 20, 50, 100, 200, 500, 1,000, etc. [7] The Reserve Bank of India described the 200-rupee notes as the missing link in the ...
At the time of independence (in 1947), India's currency was pegged to pound sterling, and the exchange rate was a shilling and six pence for a rupee — which worked out to ₹13.33 to the pound. [23] The dollar-pound exchange rate then was $4.03 to the pound, which in effect gave a rupee-dollar rate in 1947 of around ₹3.30.
The Indian 20-rupee coin (₹ 20) is a denomination of the Indian rupee. The ₹20 coin is the highest-denomination circulation coin minted in India since its introduction in 2019. The present ₹20 coin is released for circulation. The release of the coin was supposed to be in March 2020, but it was shifted to May 2020 because of the COVID-19 ...
PK (2014) was the first Indian film to collect ₹ 2 billion overseas, [28] [29] [30] and Dangal (2016) is the first Indian film to exceed ₹ 10 billion and $100 million overseas, [31] including ¥1.299 billion [32] ($196.89 million) [33] from China.
On July 14, 2021, the Reserve Bank of India (RBI) indefinitely barred Mastercard from issuing new debit or credit cards to domestic Indian customers starting July 22, 2021, for violating data localization and storage rules as set by RBI on April 6, 2018, under Payment and Settlement Systems Act, 2007 (PSS Act). This ban does not affect cards ...