CURRENCY

Indian rupee

 

The Indian rupee (Devanagari: रà¥Âà¤ªà¤¯à¤¾) (sign:  ; code: INR) is the official currency of the Republic of India. The issuance of the currency is controlled by the Reserve Bank of India.

The modern rupee is subdivided into 100 paise (singular paisa). Bank notes are available in nominal values of 1, 2, 5, 10, 20, 50, 100, 500 and 1000 rupees. Coins of the rupee have nominal values of 1, 2, 5, 10, 20, 25 and 50 paise as well as 1, 2, 5 and 10 rupees. However, with effect from 30 June 2011, 50 paise will be the minimum coin accepted in the markets as all denominations below it will cease to be legal currency. ATMs usually give out 100, 500, and 1000 notes.
 

Each banknote has its amount written in 15 languages. On the obverse side, the denomination is written in English and Hindi. On the reverse of each note is a language panel that displays the denomination of the note in 15 of the 22 official languages of India. The languages are displayed in the alphabetical order.
 

The Indian rupee sign is the currency sign used for the Indian rupee. The Indian rupee sign was selected through an open competition among Indian residents. The design was presented to the public by the government of India on 15 July 2010.[1] The design of the Indian rupee sign is a combination of the Devanagari letter “र” (ra) and the Latin capital letter “R” derived from the english consonant “R” without the vertical line, with added two horizontal bars.

Historical exchange rates

 

Indian rupees per currency unit, averaged over the year.
currency code 1996 2000 2004 2006 2009 2010
U.S. dollar USD 35.444 44.952 45.340 43.954 48.76112 45.3354
Canadian dollar CAD 26.002 30.283 34.914 41.098 42.92026 44.5915
Euro* EUR 44.401 41.525 56.385 64.127 68.03312 60.5973
Pound sterling GBP 55.389 68.119 83.084 80.633 76.38023 71.3313
Swiss franc CHF 28.714 26.654 36.537 40.451 45.05846 45.9957
Australian dollar AUD 27.761 26.157 33.409 36.972 38.58082 43.9854
Japanese yen JPY 0.5555 0.41711 0.41945 0.42627 0.52239 0.545447
Singapore dollar SGD 25.160 26.079 26.830 30.932 33.60388 34.5127