what is the manufacturing cost of one rupee?

10 hours ago 1
what is the manufacturing cost of one rupee?

The manufacturing cost of one rupee coin in India is approximately ₹1.11, which is slightly higher than its face value of ₹1. This means it costs the government more to mint a one-rupee coin than the coin's actual value. The coin is made of stainless steel and weighs about 3.76 grams. Factors like raw material prices, electricity, labor, and minting expenses contribute to this cost. Despite this, the one-rupee coin continues to be circulated due to its importance in daily transactions, especially in rural areas.