Making cost of a one rupee coin

[Joel18]

According to a 2018 disclosure by the Reserve Bank of India (RBI) in response to an RTI query, the production cost of a one-rupee coin is Rs 1.11

 

[Anshhi]

According to a 2018 disclosure by the Reserve Bank of India (RBI) in response to an RTI query, the production cost of a one-rupee coin is Rs 1.11

So, if you calculate the eleven paise till today, I have spent a lot of extra money.
*A_AICS

 

[Joel18]

View attachment 297691So, if you calculate the eleven paise till today, I have spent a lot of extra money.
*A_AICS

Yes actually it's true

 

[Lion_Hearted]

According to a 2018 disclosure by the Reserve Bank of India (RBI) in response to an RTI query, the production cost of a one-rupee coin is Rs 1.11

Yes, according to a 2018 disclosure by the Reserve Bank of India (RBI) in response to an RTI query, the cost of producing a one-rupee coin was reported to be Rs 1.11. This means that the cost of minting the coin was higher than its actual face value, leading to concerns about the economic viability of coin production.

This is not uncommon, as smaller denomination coins often cost more to produce due to metal prices, minting processes, and logistics.

 

[KalKii]

Yes ..