NEW INDIAN CURRENCY....

INDIAN RUPEE..

For the 2011 Malayalam film, see Indian Rupee (film). For other uses, see Rupee (disambiguation).

Indian Rupee
Local names[show]
ISO 4217
Code	INR
Number	356
Exponent	2
Denominations
Subunit
1/100	paisa
paisa	p
Banknotes
Freq. used	₹10, ₹20, ₹50, ₹100,₹200,₹500, ₹2000
Rarely used	₹1, ₹2, ₹5,
Coins
Freq. used	₹1, ₹2, ₹5, ₹10
Demographics
Official user(s)	India
Unofficial user(s)	Nepal  Bhutan[a]  Zimbabwe[b][1]
Issuance
Central bank	Reserve Bank of India
Printer	Reserve Bank of India
Website	www.rbi.org.in
Mint	India Government Mint
Website	www.spmcil.com
Valuation
Inflation	4.4% (2017-18)
Source	RBI - Annual Inflation Report
Method	CPI[2]
Pegged by	Bhutanese ngultrum (at par) Nepalese rupee (1 INR = 1.6 NPR)
Jump up^ Alongside the Bhutanese ngultrum Jump up^ Alongside the US dollar, South African rand andBotswana pula

The Indian rupee (sign: ₹ ; code: INR), is the official currency of the Republic of India. The rupee is subdivided into 100 paise(singular paisa), though as of 2011, coins of denomination 25 paise and less are no longer legal tender. The issuance of the currency is controlled by the Reserve Bank of India.^[3] The Reserve Bank manages currency in India and derives its role in currency management on the basis of the Reserve Bank of India Act, 1934. The rupee is named after the silver coin, rupiya, first issued bySultan Sher Shah Suri in the 16th century and later continued by the Mughal Empire.

In 2010, a new symbol '₹', was officially adopted. It was derived from the combination of the Devanagari consonant "र" (ra) and theLatin capital letter "R" without its vertical bar (similar to the R rotunda). The parallel lines at the top (with white space between them) are said to make an allusion to the tricolour Indian flag,^[4] and also depict an equality sign that symbolises the nation's desire to reduce economic disparity. The first series of coins with the new rupee symbol started in circulation on 8 July 2011.

On 8 November 2016 the Government of India announced the demonetisation of ₹500 and ₹1000 banknotes^[5][6] with effect from midnight of the same day, making these notes invalid.^[7] A newly redesigned series of ₹500 banknote, in addition to a new denomination of ₹2000 banknote is in circulation since 10 November 2016.^[8][9] The new redesigned series is also expected to be enlarged with banknotes in the denominations of ₹1000, ₹100 and ₹50 in the coming months.^[10]

On 25 August 2017, a new denomination of ₹200 banknote was added to Indian currency to fill the gap of notes due to high demand for this note after demonetisation.^[11]