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.
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| ISO 4217 | |||||
|---|---|---|---|---|---|
| Code | INR (numeric: 356) | ||||
| Subunit | 0.01 | ||||
| Unit | |||||
| Unit | Rupee | ||||
| Symbol | ₹ | ||||
| Denominations | |||||
| Subunit | |||||
| 1⁄100 | paisa | ||||
| Symbol | |||||
| paisa | p | ||||
| 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) |
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| Issuance | |||||
| Central bank | Reserve Bank of India | ||||
| Website | www | ||||
| Printer | Security Printing and Minting Corporation of India Limited | ||||
| Website | spmcil | ||||
| Mint | India Government Mint | ||||
| Website | spmcil | ||||
| Valuation | |||||
| Inflation | 5.02% (October 2023) | ||||
| Source | RBI – Annual Inflation Report | ||||
| Method | Consumer price index (India) | ||||
| Pegged by | Bhutanese ngultrum (at par) Nepalese rupee (higher value) [1₹=1.6 Nepalese Rupee] | ||||
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