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INR (Currency)
The Indian rupee (symbol: ₹; code: INR) is the official currency in the republic of India. The rupee is subdivided into 100 ''paise'' (singular: ''paisa''), though as of 2022, coins of denomination of 1 rupee are the lowest value in use whereas 2000 rupees is the highest. 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 on the basis of the Reserve Bank of India Act, 1934. Etymology The immediate precursor of the rupee is the ''rūpiya''—the silver coin weighing 178 grains minted in northern India by first Sher Shah Suri during his brief rule between 1540 and 1545 and adopted and standardized later by the Mughal Empire. The weight remained unchanged well beyond the end of the Mughals until the 20th century. Though Pāṇini mentions (), it is unclear whether he was referring to coinage. ''Arthashastra'', written by Chanakya, prime minister to the first Maurya em ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indian Rupee Sign
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, following its selection through an open competition among Indian residents. Before its adoption, the most commonly used symbols for the rupee were Rs, Re or, in texts in Indian languages, an appropriate abbreviation in the language used. The design is based on the Devanagari letter "र" ( ra) with a double horizontal line at the top and the Latin capital letter " R" without its vertical bar. The Unicode code point for the Indian rupee sign is . Other countries that use a rupee, such as Sri Lanka, Pakistan and Nepal, use the generic character. Origin On 5 March 2009, the Indian government announced a contest to create a sign for the Indian rupee. During the 2010 Union Budget, then Union Finance Minister Pranab Mukherjee said that the proposed sign sho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
