Indian rupee
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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,[when?] the value has ranged from $1 USD = 35–65 INR or 1 euro = 44–69 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) and the Latin letter "R" without the vertical bar. 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.
References[edit]
- ↑ Reserve Bank of India FAQ - Your Guide to Money Matters Archived 2012-01-12 at the Wayback Machine, RBI.org.in, October 2010.
- ↑ "Cabinet approves new rupee symbol". Times of India. 2010-07-15. Retrieved 2010-07-15.
Further reading[edit]
- Bhimrao Ramji Ambedkar: The problem of the rupee: Its origin and its solution (history of indian currency & banking), Chapter 2, Rajagraha, Bombay, 7. Mai 1947
Other websites[edit]
- Problem of the Rupee . History of the Rupee till 1923 AD
- Images of historic and modern Indian coins
