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Rupee - Farukkhsiyar [Tarabai] Raibagh Kagal

Issuer Maratha Empire (Indian states)
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Value 1 Rupee
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Obverse lettering سکه زد بنام خسرو دین پناه فرخسیر
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Reverse script Arabic
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Additional information

Farrukhsiyar's name appearing on Maratha-struck coinage is a consequence of the Mughal emperor's catastrophic political weakness — by the 1710s, the imperial mint system had so thoroughly collapsed in the Deccan that regional powers issued silver in his name simply to maintain market acceptability, not out of any loyalty. The Raibagh Kagal mint was under Kolhapur-aligned Maratha authority, connected to the faction led by Tarabai, whose long struggle against both the Peshwa line and residual Mughal presence shaped coinage decisions across the western Deccan for decades.