The currency of India is rupee (). Reserve Bank of India controls the issuance of Indian currency (money) rupee.
- The word ‘rupee’ comes from the Sanskrit word ‘raupya’. The meaning of which is silver.
- Sher Shah Suri introduced the first rupee. The first paper note was issued by Bank of Hindustan.
- The value (amount) of a banknote is written on the banknote in Hindi and English in the front side and in 15 different Indian languages in the backside of the note.
- In 2010 Indian rupee symbol “” was adopted. D.Udaya Kumar is the creator of the rupee symbol. The symbol was derived from Devanagari letter "र" (ra). The symbol is a combination of the Latin letter “R” and Devanagari letter “र”. The parallel line in the symbol is given to make it look like tricolor of Indian national flag.
|Indian currency symbol|
- After the independence of India the first coins were introduced in 1950. It was made of Cupro-nickel. In 1964 aluminum coins were first introduced for up to 20 paisa. Stainless steel coins (10, 25, and 50) were first introduced in 1988.
- 75, 100, 1000 rupees coin were first made in 2010. It was only for the commemorative purposes. They were made to celebrate 75 years of Reserve Bank of India, 100 years of Rabindranath Tagore and 1000 years of Brihadeeswarar temple.
- The current series of bank notes are called Mahatma Gandhi Series. The Mahatma Gandhi series of notes were introduced in 1996.
- 500 rupees note was introduced in 1987 and 1000 rupee note was introduced in 2000.
- Indian currency notes are printed at Currency Note Press in Nashik, the Bharatiya Note Mudra Nigam (P) presses at Salboni and Mysore, Watermark Paper Manufacturing Mill in Hoshangabad.