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The Indian rupee sign ₹ is the currency symbol for the Indian rupee (ISO 4217: INR), the official currency of India.Designed by D. Udaya Kumar, it was presented to the public by the Government of India on 15 July 2010, [1] following its selection through an open competition among Indian residents.
The Indian rupee (symbol: ₹; code: INR) is the official currency in the Republic of 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 ...
The Indian rupee was the official currency of Dubai and Qatar until 1959, when India created a new Gulf rupee (also known as the "external rupee") to hinder the smuggling of gold. [14] The Gulf rupee was legal tender until 1966, when India significantly devalued the Indian rupee and a new Qatar-Dubai riyal was established to provide economic ...
The rupee sign "₨" is a currency sign used to represent the monetary unit of account in Pakistan, Sri Lanka, Nepal, Mauritius, Seychelles, and formerly in India.It resembles, and is often written as, the Latin character sequence "Rs", of which (as a single character) it is an orthographic ligature.
The first rupee coins of the Republic of India were minted in 1950. [3] These included ₹1/2, ₹1/4, 2 anna, 1 anna, 1/2 anna & 1 pice coins, and are referred to as the anna series or pre-decimal coinage. Under the anna series, one rupee was divided into 16 annas or 64 pice, with each anna equal to 4 pice.
As like the other Indian rupee banknotes, the ₹ 20 banknote has its amount written in 17 languages. On the obverse, the denomination is written in English and Hindi. On the reverse is a language panel which displays the denomination of the note in 15 of the 22 official languages of India. The languages are displayed in alphabetical order.
In a world where the U.S. dollar, European euro, Japanese yen and British pound each have a symbol for their currency, the India rupee is trying to get in on the international monetary party.The ...
At the time of independence (in 1947), India's currency was pegged to pound sterling, and the exchange rate was a shilling and six pence for a rupee — which worked out to ₹13.33 to the pound. [23] The dollar-pound exchange rate then was $4.03 to the pound, which in effect gave a rupee-dollar rate in 1947 of around ₹3.30.