Indian rupee

Indian rupee
Banknotes of the Indian rupeeCoins of the Indian rupee
ISO 4217
CodeINR (numeric: 356)
Subunit0.01
Unit
UnitRupee
Symbol₹‎
Denominations
Subunit
 1⁄100paisa
Symbol
 paisa
Banknotes
 Freq. used₹10, ₹20, ₹50, ₹100, ₹200, ₹500
 Rarely used₹1, ₹2[a] , ₹5[b]
Coins
 Freq. used₹1, ₹2, ₹5, ₹10, ₹20
Demographics
Official user(s)
Unofficial user(s)
Issuance
Central bankReserve Bank of India[5]
 Websitewww.rbi.org.in
PrinterSecurity Printing and Minting Corporation of India Limited[6]
 Websitespmcil.com
MintIndia Government Mint[6]
 Websiteindiagovtmint.in
Valuation
InflationDecrease3.4% (September 2024)[7]
 SourceRBI – Annual Inflation Report
 MethodConsumer price index (India)[9]
Pegged by Bhutanese ngultrum (at par)
Nepalese rupee (higher value) [1₹=1.6 Nepalese Rupee][8]
  1. ^ discontinued in 1995
  2. ^ discontinued in 2011
  3. ^ Alongside Zimbabwean dollar (suspended indefinitely from 12 April 2009), the Pound sterling, Euro, United States dollar, South African rand, Botswana pula, Indian rupee, Chinese yuan, and Japanese yen have been adopted as official currencies for all government transactions.

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 Reserve Bank manages currency in India and derives its role in currency management based on the Reserve Bank of India Act, 1934.

  1. ^ "Frequently Asked Questions". Royal Monetary Authority of Bhutan. Archived from the original on 6 February 2022. Retrieved 20 January 2020.
  2. ^ "Indian Rupee to be legal tender in Zimbabwe". Deccan Herald. 29 January 2014. Archived from the original on 8 November 2019. Retrieved 10 February 2021.
  3. ^ Hungwe, Brian (29 January 2014). "Zimbabwe's multi-currency confusion". BBC. Archived from the original on 16 April 2019. Retrieved 22 July 2014.
  4. ^ "Nepal writes to RBI to declare banned new Indian currency notes legal". The Economic Times. Times Internet. 6 January 2019. Archived from the original on 5 February 2022. Retrieved 20 January 2020.
  5. ^ "FAQ – Your Guide to Money Matters". Reserve Bank of India. Archived from the original on 12 January 2012. Retrieved 5 November 2014.
  6. ^ a b Ministry of Finance – Department of Economic Affairs (30 April 2010). Sixth Report, Committee on Public Undertakings – Security Printing and Minting Corporation of India Limited (PDF). Lok Sabha Secretariat. p. 8. Archived (PDF) from the original on 12 April 2018. Retrieved 8 June 2020.
  7. ^ "Inflation Rate In India: September 2024 Data". Forbes Advisor INDIA. 16 September 2024.
  8. ^ "Nepal to keep currency pegged to Indian rupee". Business Line. 11 January 2018. Archived from the original on 10 March 2020. Retrieved 13 May 2019.
  9. ^ "Reserve Bank of India - Annual Report". rbi.org.in. Archived from the original on 17 May 2022. Retrieved 9 April 2022.