Currency of India: Indian Rupee
Indian Rupee · INR · National
Who Issues Indian Rupee in India
The Indian Rupee (INR) is the unit of India's domestically run monetary system. Beyond the three-letter code, it is shown with symbol ₹ and carries ISO 4217 numeric identifier 356.
On an Indian Rupee conversion involving India, Reserve Bank of India manages the monetary framework for the Indian Rupee in India. INR is therefore a nationally administered currency rather than an externally issued unit. This keeps the rate context explicit.
Exchange Rate for INR
For India, the useful benchmark is a dated INR observation with its currency pair stated explicitly, the resulting transaction amount can differ once a provider adds its margin or charges.
On this India currency page, hold the pair and timestamp constant when judging changes in the reference rate. Reference observations are benchmarks, not guaranteed retail transaction prices. That keeps the timing of the observation visible.
Banknotes and Coins
Banknotes
Banknotes in normal public circulation are ₹10, ₹20, ₹50, ₹100, ₹200 and ₹500.
Coins
Coins presently issued for circulation are 50 paise, ₹1, ₹2, ₹5, ₹10 and ₹20.
Frequently Asked Questions
What currency is used in India?
On an Indian Rupee conversion involving India, the Indian Rupee (INR) is the national currency, with Reserve Bank of India responsible for the domestic monetary framework. That makes the data layers easy to distinguish.
Who manages the currency system in India?
Reserve Bank of India is the main monetary authority identified for India.
Are the exchange rates for India real-time?
For India's Indian Rupee, a supported conversion is based on the latest reference observation available to the tool, with the observation date shown. Treat it as a dated benchmark, not as a guaranteed retail conversion price.
Sources & methodology
The institutional description for India is grounded in Reserve Bank of India and the relevant monetary arrangement. ISO 4217 is used for the INR identifier; exchange-arrangement facts and dated rate observations are treated as different data layers.
View sources used for this page
- Reserve Bank of India - official website
- Reserve Bank of India - currency FAQs
- SIX - ISO 4217 Maintenance Agency
- IMF - Annual Report on Exchange Arrangements and Exchange Restrictions
- BIS - central bank directory and institutional cross-check
- Frankfurter - latest public reference-rate feed used by the converter