BREAKING DOWN 'INR (Indian Rupee)'

Indian Rupee (INR) Currency Exchange Rate Conversion Calculator

Currency Facts.

The Indian Rupee is the currency of India. Our currency rankings show that the most popular India Rupee exchange rate is the USD to INR rate. The currency code for Rupees is INR, and the currency symbol is ₹. Below, you'll . USD to INR currency converter. Get live exchange rates for United States Dollar to India Rupee. Use XE's free calculator to convert foreign currencies and precious metals.

Market News Headlines

USD/INR closed at against its open at Dollar ended at one-week low Friday on selling by foreign banks along with exporters after intervention by the Reserve Bank of Indianvestors now believe that the pair may have stabilized around Rs /$1 until oil prices surges again as and when the sanctions on Iran comes into .

India's coinage designs frequently changed over the next few centuries as various empires rose and fell. By the 12th century a new currency referred to as Tanka was introduced. During the Mughal period, a unified monetary system was established and the silver Rupayya or Rupee was introduced. The states of pre-colonial India minted their coins with a similar design to the silver Rupee with variations depending on their region of origin. Currency in British India In , British India adopted a silver standard system based on the Rupee and was used until the late 20th century.

Although India was a colony of Britain, it never adopted the Pound Sterling. In , financial establishments collapsed and control of paper money was shifted to the British government, with the presidency banks being dismantled a year later.

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A Lakh Rupee is one hundred thousand rupees and a crore rupee is ten million rupees. Today, other non-Indian rupee currencies use those Latin symbols.

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Asian stocks were pressured as borrowing costs rose at home while the dollar notched an month top on the yen on Thursday as stunningly strong U. This caused a sharp devaluation of the rupee in the 18 th century when many of the European colonies discovered silver, increasing supply of the metal and thus shrinking its price relative to gold.

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