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Indian rupee
CurrencyThe Indian Rupee is the official currency of the Republic of India and is issued by the Reserve Bank of India. The Rupee is subdivided into 100 paise, and its symbol is ₹.
| Symbol | ₹ |
| Nicknames | Indian rupee |
| ISO 4217 code | INR |
| Country Name | India |
| Country Code | 91 |
| Price in USD | 84.44 |
| Countries using this currency | India |
The Indian Rupee Currency was introduced as the official currency of the Republic of India in the year 1947. It is issued by the Reserve Bank of India, and one rupee consists of 100 paise. The code for the Indian Rupee is INR, and the symbol is ₹.
Coins in India are presently being issued in denominations of one rupee, two rupees, five rupees, and ten rupees. Also, currently, banknotes in India are issued in the denominations of Rs 10, Rs 20, Rs 50, Rs 100, Rs 200, Rs 500, and Rs 2000. The currency paper is composed of cotton and cotton rag.
One US dollar is equal to 86.08 Indian Rupees as of 2025.
One dollar was equivalent to one rupee only once in 1947.
The Rupee is falling because India imports more than it exports, which creates a trade deficit. India's trade deficit was almost $240 billion, mainly because of high crude oil imports. Since oil is priced in dollars, a higher import bill increases the demand for dollars, which weakens the Indian rupee.
The full form of INR is Indian Rupee, which is the official currency of India.
Sher Shah Suri is widely considered the father of Indian currency.
Maidavolu Narasimham is called the father of the RBI, who served as the thirteenth Governor of the Reserve Bank of India from 2 May 1977 to 30 November 1977.
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