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The Indian rupee (Hindi: रुपया) (sign: ; code: INR) is the official currency of the Republic of India. The currency is issued and controlled by the Reserve Bank of India. [1] During the past 15 years, the value has ranged from $1 USD = 0.01 INR or 1 euro = 0.01 INR (see below: Convertibility ).
rupee, monetary unit of Muslim India from the 16th century and the modern monetary unit of India and Pakistan. The modern unit is divided into 100 paisa in India and Pakistan. The name derives from the Sanskrit rupya (“silver”). The rupee is also the name of the monetary unit used in Mauritius,
Exchange rate history of the Indian rupee. This is a list of tables showing the historical timeline of the exchange rate for the Indian rupee (INR) against the special drawing rights unit (SDR), United States dollar (USD), pound sterling (GBP), Deutsche mark (DM), euro (EUR) and Japanese yen (JPY).
Mar 17, 2024 · Key Takeaways. The Indian rupee is the currency of India; INR is its currency code, and the currency symbol is ₹. Since India is a cash-based economy, fake currency has been circulated by...
Coins of the Indian rupee (₹) were first minted in 1950. New coins have been produced annually since then and they make up a valuable aspect of the Indian currency system. Today, circulating coins exist in denominations of One Rupee, Two Rupees, Five Rupees, Ten Rupees and Twenty Rupees.
Contents. hide. Beginning. Related pages. Rupee. The rupee is the name of a currency denomination of money) in various countries. It is used in the Republic of India and Pakistan. It was also used in British India, the former East Pakistan until 1971, Sri Lanka, Nepal, Mauritius, and the Seychelles.
The Indian rupee was a silver-based currency during much of the 19th century, which had severe consequences on the standard value of the currency, as stronger economies were on the gold standard. During British rule, and the first decade of independence, the rupee was subdivided into 16 annas. Each anna was subdivided into 4 pices.
