Indian rupee

E5057

fiat currency national currency

The Indian rupee is the official monetary unit of India, issued and regulated by the Reserve Bank of India and widely used in the country’s domestic and international economic transactions.

Aliases (4)

INR ×4
British Indian rupee ×1
Indian rupee of British India (pre-independence system) ×1
Indian rupee sign ×1

Statements (51)

Predicate	Object
instanceOf	fiat currency → national currency →
banknoteDenomination	₹10 → ₹100 → ₹2 (largely discontinued in circulation) → ₹20 → ₹200 → ₹2000 (withdrawn from circulation as legal tender in stages) → ₹5 → ₹50 → ₹500 →
centralBank	Reserve Bank of India →
coinDenomination	50 paise (rare in circulation) → ₹1 → ₹10 → ₹2 → ₹5 →
country	India →
currencySymbol	₹ →
currentBanknoteSeries	Mahatma Gandhi New Series →
governingAct	Reserve Bank of India Act, 1934 →
inflationTarget	4% →
inflationTargetBand	2% to 6% →
ISO4217Code	INR →
issuer	Reserve Bank of India →
languageOnBanknotes	English → Hindi →
languagePanelCount	15 Indian languages on language panel →
legalTenderIn	India → some Indian union territories → some Indian-administered regions →
monetaryAuthority	Reserve Bank of India →
monetaryPolicyCommittee	Monetary Policy Committee of the Reserve Bank of India →
monetaryPolicyFramework	inflation targeting →
monetarySystem	decimal →
officialCurrencyOf	India →
peggedTo	not formally pegged; managed float regime →
previousBanknoteSeries	Mahatma Gandhi Series →
regulator	Reserve Bank of India →
replacedCurrency	Indian rupee of British India (pre-independence system) →
scriptOnBanknotes	Devanagari →
subunit	paise →
subunitToUnit	100 paise = 1 rupee →
symbolAdoptionYear	2010 →
symbolDesigner	D. Udaya Kumar →
usedFor	domestic transactions in India → international economic transactions involving India →
usedIn	Indian banking system → Indian government budgeting → Indian stock markets → Indian tax payments →

Referenced by (37)

Subject (surface form when different)	Predicate
Bhutan → Bihar and Orissa Province → British Ceylon → British Iraq Mandate → Burma (until 1937) → Colony of Aden → Dahod → Dominion of India → Greater Chennai Corporation → India → Mahatma Gandhi New Series → National Capital Territory of Delhi → Puducherry → Sind Province (Pakistan) → Union Budget of India → United Provinces → United Provinces of Agra and Oudh →	currency
Bhutanese ngultrum → Ceylon rupee → Nepalese rupee →	peggedTo
India ("INR") → Reserve Bank of India ("INR") →	currencyCode
Indian rupee ("INR") → Mahatma Gandhi New Series ("INR") →	ISO4217Code
Sikh rupee ("British Indian rupee") → Zimbabwean dollar →	replacedBy
Aden shilling → Indian rupee ("Indian rupee of British India (pre-independence system)") →	replacedCurrency
Thimphu →	alsoUsesCurrency
Indian Armed Forces →	budgetCurrency
Reserve Bank of India →	currencyIssued
D. Udaya Kumar ("Indian rupee sign") →	designed
Bhutanese ngultrum →	peggedAtParWith
Straits dollar →	replaced
Chief Minister of Haryana →	salaryCurrency
Bhutanese ngultrum →	usedAlongside
Government of Andaman and Nicobar Islands →	usesCurrency