Currency Information on Indian Rupee - INR — Indian rupee - ₹
The Republic of India’s official currency is issued by the Reserve Bank of India. It is named after the 16th Century Rupiya, issued by Shur Shah Suri.
The symbol, derived from the Devanagari consonant ‘Ra’ was officially adopted in 2010 and first appeared on coins in 2011. The name of the currency is listed in 15 languages on the back of banknotes and in English and Hindu on the front.
Coins in circulation are available in denominations of 1, 2, 5 and 10 rupees, whilst banknotes are available in denominations of 1, 5, 10, 20, 50, 100, 500, 1,000 rupees.
I run a local delicatessen business in Surrey. Many of my artisan suppliers are based in Italy, Spain and France. We are always making payments to these suppliers and knowing we are getting the best rates is vitally important for us; our margins are tight and any savings are crucial for the success of our business.
Comment written by Artisan supplier based in Italy.
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