Rupee | Indian Currency | Indian Rupee | Rupees I INR

Rupee

Indian Rupee:

The official unit of currency of India is Rupee. A rupee is further sub-divided into one hundred smaller units called Paise. The rupee has been named after the silver coin, rupiah, first issued by Sultan Sher Shah Suri in the 16th century, during his five year rule from 1540 to 1545 A.D. The system was continued by the next dynasties that ruled the country subsequently.

Demonetization:

India had demonetized its currency notes valued at five hundred rupees and one thousand rupees on November 8, 2016 and introduced the notes of new denomination of two thousand rupees for the first time in the history of India. Subsequently, notes of denominations rupees five hundred and rupees two hundred have been issued. The new currency notes of rupees five hundred, two hundred and ten rupees have been issued with a new design with a slight reduction in their size.

There has been a proposal to issue new currency notes of rupees one thousand with a new design, reducing their size compared to their older counterparts. Issue of coins and currency notes is under the official control of the central bank of the nation called Reserve Bank of India. In the wake of anti-money laundering efforts, India is contemplating to ban the usage of the currency notes of two thousand rupees at a time when it feels appropriate.

Code:

INR

Symbol:

Subunit:

1 INR /100 Paise (p)

Rupee

Bank Notes:

₹1, ₹2, ₹5, ₹10, ₹20, ₹50, ₹100, ₹200, ₹500, ₹2000

Coins:

₹1, ₹2, ₹5, ₹10

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Goddess Saraswati Temples

Central Bank:

Reserve Bank of India

Rupee subdivisions during British rule:

  • 1 rupee = 16 anna (later 100 naye paise)

  • 1 ardharupee = 8 anna, or ​12 rupee (later 50 naye paise)

  • 1 pavala = 4 anna, or ​14 rupee (later 25 naye paise)

  • 1 beda = 2 anna, or ​18 rupee (later equivalent to 12.5 naye paise)

  • 1 anna = ​116 rupee (later equivalent to 6.25 naye paise)

  • 1 paraka = ​12 anna (later equivalent to 3.125 naye paise)

  • 1 kani (pice) = ​14 anna (later equivalent to 1.5625 naye paise)

  • 1 damari (pie) = ​112 anna (later equivalent to 0.520833 naye paise)

  • 1 rupee = 16 anna

  • 1 Athanni (dheli) = ​12 rupee

  • 1 Chawanni = ​14 rupee

  • 1 Dawanni = ​18 rupee

  • 1 Anna/Ekanni = ​116 rupee

  • 1 Taka/Adhanni = ​132 rupee

  • Paisa = ​164 rupee

  • Dhela = ​1128 rupee (​12 paisa)

  • Pie = ​13 paisa = ​1192 rupee

  • Damari = ​14 paisa = ​1256 rupee.

Unofficial User countries:

Nepal, Bhutan, Zimbabwe

Previously Indian Rupee is official in other countries:

Aden, Oman, Dubai, Kuwait, Bahrain, Qatar, Trucial States, Kenya, Tanganyika, Uganda, Seychelles and Mauritius.

Most traded currencies:

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