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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).
The Indian rupee sign ₹ is the currency symbol for the Indian rupee (ISO 4217: INR), the official currency of India. Designed by D. Udaya Kumar, it was presented to the public by the Government of India on 15 July 2010, following its selection through an open competition among Indian residents.
Nov 28, 2016 · History of Indian currency: How the rupee changed. Last Updated: Nov 28, 2016, 07:24:00 PM IST. Synopsis. The Mahatma Gandhi series of notes were issued in 1996, starting with Rs 10 and Rs 500 notes, which replaced all notes of the Lion capital series. The word ‘rupee’ has been derived from the Sanskrit word rupyakam, meaning a silver coin.
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.
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.
