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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. [ 2][ 3] Before its adoption, the most ...
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 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. It is common to find a punctuation mark ...
Kumar conceptualised the design for Rupee symbol for Indian currency. The symbol is created using the Devanagari letter र 'Ra' and Roman capital letter 'R'. The letters are derived from the word Rupiah in Hindi and Rupees in English, so the symbol is meaningful to both Indians and international users.
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 Indian numbering system is used in the Indian subcontinent (Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka) to express large numbers.The terms lakh or 1,00,000 (one hundred thousand, written as 100,000 in Pakistan, and outside the Indian subcontinent) and crore or 1,00,00,000 [1] (ten million, written as 10,000,000 outside the subcontinent) are the most commonly used terms ...
Coins of the Indian rupee ( ₹) were first minted in 1950. [ 1] New coins have been produced annually since then and they make up a valuable aspect of the Indian currency system. Today, circulating coins exist in denominations of One Rupee, Two Rupees, Five Rupees, Ten Rupees and Twenty Rupees. All of these are produced by four mints located ...
The Indian rupee was a silver-based currency during much of the 19th century, which had severe consequences on the standard value of the currency, as stronger economies were on the gold standard. During British rule, and the first decade of independence, the rupee was subdivided into 16 annas.