Mahatma Gandhi; farmer ploughing; sun
The rupee (Hindi: रुपया) (code: INR) is the currency of India. The issuance of the currency is controlled by the Reserve Bank of India. The most commonly used symbols for the rupee are Rs, ₨ and रू. The ISO 4217 code for the Indian rupee is INR. On 5 March 2009 the Indian Government announced a contest to create a symbol for the Rupee.[1] The modern rupee is subdivided into 100 paise (singular paisa).
In most parts of India, the rupee is known as the rupee, Rupiya (hindi) roopayi (రూపాయి) (ರೂಪಾಯಿ), rubai (ரூபாய்), roopa (രൂപ) or one of the other terms derived from the Sanskrit rupyakam [2] (Devnagari: रूप्यकं), raupya meaning silver; rupyakam meaning (coin) of silver. However, in West Bengal, Tripura, Orissa, and Assam, the Indian rupee is officially known by names derived from the Sanskrit Tanka. Thus, the rupee is called টাকা Taka in Bengali, টকা tôka in Assamese, and ଟଙ୍କା Tôngka in Oriya, with the symbol T, and is written as such on Indian banknotes.
On 13 March 2009, the exchange rate was Rs.51.55 to US$1
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