The Indian Rupee (INR) is India’s official currency, managed by the Reserve Bank of India. It comes in coins and notes, with values like 50 paise, one rupee, five rupees, and more. The symbol for the Indian Rupee is “₹,” derived from the Indian flag’s stripes.
The Reserve Bank of India regularly updates rupee notes to prevent fraud. Exchange rates for the INR depend on trade, investments, and oil prices. As of January 25, 2023, $1 US equals about 231 INR.
The Indian Rupee is crucial for India’s economy, used for local and global transactions. It’s also favored by tourists in India and is easy to exchange for other currencies like the US Dollar and British Pound.