Currency of India
The Rupee according to the code INR is the official currency of the country of India. The currency issuance is controlled by Reserve bank of India. The most commonly used symbols that denotes the rupee is Rs. The ISO code that is particularly used for India is INR.
On March 5, 2009, the Government of India declared the idea of creating a symbol for Rupee. The rupee that is used today is segregated into 100 paisa.
In most of the parts of India, the rupee is shown as just rupee. It is called as Roopayi in Telugu as well as Kannada language, Rubai in Tamil, Rupaya in Marathi, Roopa in Malayam, rupyakam in Sanskrit. Raupya actually means silver and the Rupyakam is silver coin. Additionally, in Orissa, West Bengal, Assam and Tripura, the value of Indian Rupee is officially called by the names that are derived from Sanskrit Tanka.
In the year 1861, paper moment was first introduced by the Indian Government that is 10 rupee notes. Then the notes of 20, then 5, 100, 50, 500 and 1000 were introduced. During the year 1917, notes for 1 and 2½ were introduced. The Reserve Bank of India started the production of the 2,5,10,100, 1000 notes in the year 1938 while the government issued 1 rupee note. Thus, the Rupee has a market that determines the exchange rate. For current exchange values click here.



