Indian rupee

Indian rupee
Indian Banknotes Indian Coins
ISO 4217 Code	INR
Official user(s)	India
Unofficial user(s)	Bhutan (alongside the Bhutanese Ngultrum) Nepal (in towns of Nepalese side of Nepal-India border, alongside the Nepalese Rupee) and many other countries
Inflation	000.2%, December 2023
Source	eaindustry.nic.in
Method	WPI
Pegged by	Bhutanese ngultrum (at par) Nepalese rupee (1 INR = 1.6 NPR)
Subunit
1/100	Paisa
Symbol
Paisa	p
Formerly used symbols
Nickname	Rupeyaa, paisa
Coins
Freq. used	1, 2, 5 Rupees
Rarely used	5, 10, 20, 25, 50 paise, 10 Rupees
Banknotes
Freq. used	10, 20, 50, 100, 500, 2000 Rupees
Rarely used	1, 2, 5 Rupees
Central bank	Reserve Bank of India
Website	www.rbi.org.in
Printer	Reserve Bank of India
Website	www.rbi.org.in
Mint	India Government Mint

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).

The modern rupee is sub-divided into 100 paise (singular paisa). The coins have values and of 5, 10, 20, 25 and 50 paise, as well as 1, 2, 5 and 10 rupees. The bank notes are available in values of 1, 2, 5, 10, 20, 50, 100, 200, 500 and 2000 rupees.

The Indian rupee symbol () is an amalgam of both the Devanagari consonant "र" (Ra). The design was presented to the public by the government of India on 15 July 2010.^[2]

The current abbreviation "INR" started in July 2010. Until then, the abbreviation "Rs" (or "Re") was used.

1. ↑ Reserve Bank of India FAQ - Your Guide to Money Matters Archived 2012-01-12 at the Wayback Machine, RBI.org.in, October 2010.
2. ↑ "Cabinet approves new rupee symbol". Times of India. 2010-07-15. Retrieved 2010-07-15.