Indian Rupee (INR)

The Indian Rupee (INR) is the official currency of India. Its ISO 4217 code is INR. It is issued by the Reserve Bank of India and is the legal tender in India.

The Indian Rupee is widely used as a currency in India for economic and commercial activities. It is also accepted in some neighboring countries like Bhutan and Nepal. The Indian Rupee is subdivided into 100 paise, although the paise subunit is no longer in use, and prices are generally expressed in rupees.

The Indian Rupee circulates in the form of banknotes and coins. Banknotes are available in denominations of 10, 20, 50, 100, 200, 500, and 2000 rupees, while coins are available in denominations of 1, 2, 5, and 10 rupees.

The Indian Rupee is one of the most widely used currencies in Asia due to India’s economic size and population. India is considered one of the fastest-growing economies in the world and plays a significant role in international trade.

The exchange rate of the Indian Rupee can fluctuate against other currencies. These fluctuations can vary depending on factors such as India’s economic performance, monetary policy, and global market conditions. The Indian Rupee is also traded in the international foreign exchange markets, providing opportunities for speculation and investment in currency markets.

For detailed information about the Indian Rupee, you can refer to sources such as the Reserve Bank of India or financial platforms where you can follow international financial news and analysis. Additionally, financial institutions like banks and currency exchange bureaus can provide you with up-to-date information about the Indian Rupee.