Indian rupee | |||||
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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.