![]() Coins valued 50 paise or less are known as small coins, while coins valued equal to or greater than one rupee is called as rupee coins. A paise will be equal to 1/100th of a rupee. The remarks cover various themes of the rich heritage of India.Ĭoins in India are released in denominations of 10, 20, 25, and 50 paises, and 1, 2, and 5 rupees. ![]() On the paper rupee's reverse side, denominations are written in 15 languages, while denominations are written in English and Hindi on the front side.īanknotes are regularly updated with new designs, including variations from the old Mahatma Gandhi banknotes series to new notes of the same name. The currency of India follows the managed float system currently and is not pegged to the US Dollar or any other currency.The Rupee was later decimalized in the year 1961 – one Rupee was made equal to 100 paise.The smaller denominations of INR were annas back then. The Indian Rupee was put into circulation post the partition of India in the year 1947.But the word ‘Rupaya’ was used for the first time during the reign of Sher Shah Sur, the founder of Sur Empire, in medieval India.The word rupiya finds its origin in Sanskrit.Understanding INR (Indian Rupee) In Detail The Indian Rupee is India's official currency ₹ is the Indian currency symbol.
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