?49 in rupees2/19/2023 ![]() ![]() ![]() It was derived from the combination of the Devanagari consonant " र" ( ra) and the Latin capital letter "R" without its vertical bar (similar to the R rotunda). In 2010, a new rupee sign ( ₹) was officially adopted. 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 issuance of the currency is controlled by the Reserve Bank of India. The rupee is subdivided into 100 paise (singular: paisa), though as of 2019, coins of denomination of 1 rupee is the lowest value in use. The Indian rupee ( symbol: ₹ code: INR) is the official currency of India. ![]()
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