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The Indian rupee sign ₹ is the currency symbol for the Indian rupee (ISO 4217: INR), the official currency of India.Designed by D. Udaya Kumar, it was presented to the public by the Government of India on 15 July 2010, [1] following its selection through an open competition among Indian residents.
The Indian rupee (symbol: ₹; code: INR) is the official currency in the Republic of India. The rupee is subdivided into 100 paise ( Hindi plural; singular: paisa ). The issuance of the currency is controlled by the Reserve Bank of India .
The most commonly used symbol for the rupee is "₨". India adopted a new symbol (₹) for the Indian rupee on 15 July 2010. In most parts of India, the rupee is known as rupaya, rupaye, or one of several other terms derived from the Sanskrit rūpya, meaning silver. Ṭaṅka is an ancient Sanskrit word for money.
On 15 July 2010, India introduced a new currency symbol, the Indian rupee sign, ₹. This sign is a combination of the Devanagari letter र ( ra ) and the Latin capital letter R without its vertical bar (similar to the R rotunda ).
National currency: Indian Rupee [52] 15 August 1947 [3] 15 July 2010 (symbol) [52] Indian rupee (ISO code: INR) is the official currency of India, the issuance of which is controlled by the Reserve Bank of India. [53] Rupee is derived from rupya or rūpiya, which was used to denote various coins in usage since 4th century BCE. [54]
The Indian rupee was a silver-based currency during much of the 19th century, which had severe consequences on the standard value of the currency, as stronger economies were on the gold standard. During British rule, and the first decade of independence, the rupee was subdivided into 16 annas .
Udaya Kumar Dharmalingam is an Indian academic and designer noted for his design of the Indian rupee sign. [1] His design was selected from among five short listed symbols. [2] According to Kumar, the design is based on the Indian tricolour. [3] As of December 2019, he is the Head of the Department of Design at IIT Guwahati, Assam. [4]
The Indian numbering system is used in Indian English and the Indian subcontinent to express large numbers. Commonly used quantities include lakh (one hundred thousand) and crore (ten million) – written as 1,00,000 and 1,00,00,000 respectively in some locales . [ 1 ]