The rupee was the official currency of India until 1947, when India gained independence from Britain. After independence, the rupee was decimalized and divided into 100 paise. The new currency was called the Indian rupee, and it was represented by the symbol "₹".
The symbol ₹ was designed by D. Udaya Kumar, a student at the Indian Institute of Technology Bombay. The symbol is a combination of the Devanagari letter "र" (ra) and the Latin capital letter "R". The two horizontal lines at the top of the symbol represent the tricolour Indian flag, and the equality sign represents the nation's desire to reduce economic disparity.
The Indian rupee is currently the 4th most traded currency in the world. It is used by over 1.3 billion people in India and other countries in the Indian subcontinent.
Here are some additional facts about the Indian rupee:
* The currency code for the Indian rupee is INR.
* The exchange rate for the Indian rupee as of July 20, 2023 is 1 USD = 79.99 INR.
* The Indian rupee is a floating currency, which means that its value is determined by supply and demand in the foreign exchange market.
* The Indian rupee is a relatively stable currency, and it has not experienced any major fluctuations in value in recent years.
I hope this information is helpful. Let me know if you have any other questions.
The Indian rupee is the official currency of India. It is subdivided into 100 paise. The rupee is also subdivided into smaller units such as the naya paisa (1⁄100 rupee) and the pice (1⁄10 naya paisa).
The history of the Indian rupee can be traced back to the 16th century, when the Mughal Empire introduced the rupee as its official currency. The rupee was originally a silver coin, but it was later devalued and became a fiat currency.
The Indian rupee symbol (₹) was adopted in 2010. The symbol is a combination of the Devanagari letter "र" (ra) and the Latin capital letter "R" without its vertical bar. The parallel lines at the top (with white space between them) are said to make an allusion to the flag of India, and also depict an equality sign that symbolises the nation's desire to reduce economic disparity.
The meaning of the Indian rupee symbol is as follows:
* The Devanagari letter "र" (ra) represents the sound "ra", which is the first sound of the word "rupee" in Hindi.
* The Latin capital letter "R" represents the sound "r", which is the second sound of the word "rupee" in Hindi.
* The parallel lines at the top represent the tricolor flag of India.
* The white space between the parallel lines represents the equality sign, which symbolizes the nation's desire to reduce economic disparity.
The Indian rupee symbol is a symbol of India's national identity and economic strength. It is used in all official government documents and in all financial transactions in India.
The Indian rupee is the official currency of India. The symbol for the Indian rupee is ₹. It was adopted on 15 July 2010, following an open competition among Indian residents.
The symbol is a combination of the Devanagari letter "र" (ra) and the Latin capital letter "R" without its vertical bar. The parallel lines at the top (with white space between them) are said to make an allusion to the flag of India, and also depict an equality sign that symbolises the nation's desire to reduce economic disparity.
The history of the rupee goes back to the 16th century, when it was introduced by the Mughal emperor Sher Shah Suri. The rupee was originally a silver coin, but it was later devalued and made into a paper currency.
The rupee has undergone several changes over the years, but it has remained the official currency of India since its introduction. In 2010, the government of India adopted a new symbol for the rupee in an effort to create a more modern and distinctive currency.
The new symbol was designed by D. Udaya Kumar, a student at the Indian Institute of Technology Bombay. The symbol was chosen from over 3,000 entries submitted to the government in an open competition.
The new symbol has been well-received by the public and has helped to promote India's national identity. It is now used in all official government documents and on all Indian currency.
Here are some other interesting facts about the Indian rupee:
* The rupee is the third most traded currency in Asia, after the Japanese yen and the Chinese yuan.
* The Indian rupee is divided into 100 paise.
* The highest denomination of Indian currency is the 2,000-rupee note, which was introduced in 2017.
* The lowest denomination of Indian currency is the 1-rupee coin, which was introduced in 1957.
The Indian rupee is a symbol of India's economic strength and national identity. It is used by millions of people around the world and is a key player in the global economy.
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