Indian Rupee

The Indian rupee (sign: ?; code: INR) is the official currency of India. The rupee is subdivided into 100 paise (singular paisa), though as of 2018, coins of 50 paise or below are no longer in circulation. The issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank manages currency in India and derives its role in currency management on the basis of the Reserve Bank of India Act, 1934. The rupee is named after the silver coin, rupiya, first issued by Sultan Sher Shah Suri in the 16th century.

The Indian rupee is the world's fifth most traded currency, and is also the currency with the third highest number of banknotes in circulation. The Indian rupee is subdivided into 100 paise (singular paisa), though as of 2018, coins of 50 paise or below are no longer in circulation. The issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank manages currency in India and derives its role in currency management on the basis of the Reserve Bank of India Act, 1934. The rupee is named after the silver coin, rupiya, first issued by Sultan Sher Shah Suri in the 16th century.

The Indian rupee is the official currency of India. The rupee is subdivided into 100 paise (singular paisa), though as of 2018, coins of 50 paise or below are no longer in circulation. The issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank manages currency in India and derives its role in currency management on the basis of the Reserve Bank of India Act, 1934. The rupee is named after the silver coin, rupiya, first issued by Sultan Sher Shah Suri in the 16th century.