Indian rupee

The Indian rupee (symbol ₹; code: INR) is the official currency in India. The rupee is subdivided into 100 paise (Hindi plural; singular: paisa). 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 based on the Reserve Bank of India Act, 1934.

Indian rupee
Banknotes of the Indian RupeeCoins of the Indian rupee
ISO 4217
CodeINR (numeric: 356)
Subunit0.01
Unit
UnitRupee
Symbol₹‎
Denominations
Subunit
 1⁄100paisa
Symbol
 paisap
Banknotes
 Freq. used₹10, ₹20, ₹50, ₹100, ₹200, ₹500
 Rarely used₹1, ₹2, ₹5 (discontinued in 2011)
Coins
 Freq. used₹1, ₹2, ₹5, ₹10
 Rarely used 50 (discontinued in 2016), ₹20
Demographics
Official user(s)
Unofficial user(s)
  •  Zimbabwe
(hasn't been used since 2019)
Issuance
Central bankReserve Bank of India
 Websitewww.rbi.org.in
PrinterSecurity Printing and Minting Corporation of India Limited
 Websitespmcil.com
MintIndia Government Mint
 Websitespmcil.com
Valuation
Inflation5.02% (October 2023)
 SourceRBI – Annual Inflation Report
 MethodConsumer price index (India)
Pegged by Bhutanese ngultrum (at par)
Nepalese rupee (higher value) [1₹=1.6 Nepalese Rupee]
  1. ₹2000 is discontinued but still legal tender
  2. Alongside Zimbabwean dollar (suspended indefinitely from 12 April 2009), the Pound sterling, Euro, United States dollar, South African rand, Botswana pula, Indian rupee, Chinese yuan, and Japanese yen have been adopted as official currencies for all government transactions.
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