Despite RBI clarification, no takers for Rs 10 coin in Manipur Moneycontrol
If you happen to board a bus or visit a grocery store in Manipur with Rs 10-denomination coins in wallet, chances are there that you might be shown the door. Despite regular clarifications by the Reserve Bank of India (RBI), people in Manipur, especially small traders, are reluctant to trade with Rs 10 coins. While some are aware that the coin is in circulation, skepticism still runs high over the validity of the particular tender among local vendors and shopkeepers. Th. Manglembi, a teacher in a state-run school, said vendors, mostly grocery stores, do not deal with Rs 10 coin while mainta…
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