About the Indian Rupee
The Rupee has a long history, dating back to ancient India. The modern rupee was established by the British in the 19th century.
The name 'Rupee' is derived from the Sanskrit word 'rupya', which means 'wrought silver' or 'silver coin'.
Interesting Facts
Mahatma Gandhi Series
All current banknotes in India feature a portrait of Mahatma Gandhi, the leader of India's independence movement.
The Rupee Symbol
The Indian Rupee symbol (₹) was designed by Udaya Kumar Dharmalingam and adopted in 2010. It blends the Devanagari letter 'Ra' and the Latin letter 'R'.
Demonetisation Shock
In 2016, the Indian government unexpectedly demonetised its two largest banknotes in a move to crack down on the shadow economy and counterfeit currency.
Historical Timeline
The Reserve Bank of India is established.
India gains independence, and the Indian Rupee replaces the British Indian Rupee.
The new rupee symbol (₹) is officially adopted.
Demonetisation of the 500 and 1000 rupee banknotes is announced to combat corruption.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- INR
- Symbol
- ₹
- Numeric Code
- 356
- Subunit
- Paisa (1/100)
- Introduced
- 1526-01-01
Central Bank
- Name
- Reserve Bank of India
- Headquarters
- Mumbai, India
- Founded
- 1935
- Current Governor
- Shaktikanta Das (since 2018)
Economic Data
- Reserve Currency Share
- 0.1%
- Forex Volume Share
- 1.7%
- Inflation Rate
- 4.75%
- Interest Rate
- 6.50%
Exchange Rates
What Affects the INR Exchange Rate?
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