Back Indiese roepee Afrikaans روبية هندية Arabic روبيه هندى ARZ ভাৰতীয় টকা Assamese Hindistan rupisi Azerbaijani Indische Rupie BAR Rupee nin Indya BCL Індыйская рупія Byelorussian Індыйская рупія BE-X-OLD Индийска рупия Bulgarian

Indian rupee

Indian rupee
Banknotes of the Indian RupeeCoins of the Indian rupee
ISO 4217
CodeINR (numeric: 356)
Subunit0.01
Unit
UnitRupee
Symbol₹‎
Denominations
Subunit
 1⁄100paisa
Symbol
 paisa
Banknotes
 Freq. used₹10, ₹20, ₹50, ₹100, ₹200, ₹500
 Rarely used₹1, ₹2, ₹5[a] (discontinued in 2011)
Coins
 Freq. used₹1, ₹2, ₹5, ₹10
 Rarely used 50 (discontinued in 2016), ₹20
Demographics
Official user(s) India
Unofficial user(s)
(hasn't been used since 2019)
Issuance
Central bankReserve Bank of India[4]
 Websitewww.rbi.org.in
PrinterSecurity Printing and Minting Corporation of India Limited[5]
 Websitespmcil.com
MintIndia Government Mint[5]
 Websitespmcil.com
Valuation
InflationDecrease5.02% (October 2023)[6]
 SourceRBI – Annual Inflation Report
 MethodConsumer price index (India)[8]
Pegged by Bhutanese ngultrum (at par)
Nepalese rupee (higher value) [1₹=1.6 Nepalese Rupee][7]
  1. ^ ₹2000 is discontinued but still legal tender[1]
  2. ^ Alongside Zimbabwean dollar (suspended indefinitely from 12 April 2009), the Pound sterling, Euro, United States dollar, South African rand, Botswana pula, Indian rupee, Chinese yuan, and Japanese yen have been adopted as official currencies for all government transactions.
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The Indian rupee (symbol: ₹; code: INR) is the official currency in India. The rupee is subdivided into 100 paise (Hindi plural; singular: paisa). 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 based on the Reserve Bank of India Act, 1934.

  1. ^ "Reserve Bank of India - Notifications". www.rbi.org.in. Archived from the original on 19 May 2023. Retrieved 20 May 2023.
  2. ^ "Indian Rupee to be legal tender in Zimbabwe". Deccan Herald. 29 January 2014. Archived from the original on 8 November 2019. Retrieved 10 February 2021.
  3. ^ Hungwe, Brian (29 January 2014). "Zimbabwe's multi-currency confusion". BBC. Archived from the original on 16 April 2019. Retrieved 22 July 2014.
  4. ^ "FAQ – Your Guide to Money Matters". Reserve Bank of India. Archived from the original on 12 January 2012. Retrieved 5 November 2014.
  5. ^ a b Ministry of Finance – Department of Economic Affairs (30 April 2010). Sixth Report, Committee on Public Undertakings – Security Printing and Minting Corporation of India Limited (PDF). Lok Sabha Secretariat. p. 8. Archived (PDF) from the original on 12 April 2018. Retrieved 8 June 2020.
  6. ^ "Instant View: India's retail inflation eases to 5.02% in September". Reuters. 12 October 2023. Archived from the original on 12 October 2023. Retrieved 12 October 2023.
  7. ^ "Nepal to keep currency pegged to Indian rupee". Business Line. 11 January 2018. Archived from the original on 10 March 2020. Retrieved 13 May 2019.
  8. ^ "Reserve Bank of India - Annual Report". rbi.org.in. Archived from the original on 17 May 2022. Retrieved 9 April 2022.
  9. ^ "Frequently Asked Questions". Royal Monetary Authority of Bhutan. Archived from the original on 6 February 2022. Retrieved 20 January 2020.
  10. ^ "Nepal writes to RBI to declare banned new Indian currency notes legal". The Economic Times. Times Internet. 6 January 2019. Archived from the original on 5 February 2022. Retrieved 20 January 2020.

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