The rupee symbol is the visual representation of the Indian currency, INR. In fact, the INR is the currency code for the rupee, and the symbol is ₹. If you are going to have a visit to India, then you probably want to know more about the significance and details of INR. so, in this article, we will discuss some of the key facts of the INR symbol, and also talk about the INR in general.
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Indian Rupee: A General Overview
The Indian rupee is derived from the name rupiya, which was a silver coin that Sultan Sher Shah Suri first issued in 16th century India. The Indian currency has coins and notes. So, let’s find out more info on the currencies.
Indian Coins Currency
There are a few denominations of the coins. For example, you can find 50 paise, one rupee, two rupees, five rupees, and ten rupees coins. Moreover, a paise is the 1/100th of a rupee and a 50 paise coin is, therefore, half of a single rupee.
In India, you will find 5,10,20,50,100,200,500,1000,2000 paper currency notes. Moreover, on the reverse side of the note, you will find that denominations are printed in 15 languages. However, on the front side, you will get Hindi and English print. In the paper currencies, you will find the picture of Mahatma Gandhi.
When Was the Indian Paper Currency Introduced?
The most important medium of day-to-day exchange is paper notes. The first paper currency started in about the 18th century. In fact, it was after the Paper Currency act of 1861 that the GOI got the monopoly to print their currency. Currency, the RBI is the one who prints currencies.
A Few Interesting Facts on Indian Rupee Symbol
So here are a few interesting facts on the symbol of the Indian currency. So, if you are curious to know about it, check these out.
- We know that the RBI or Reserve Bank of India governs and controls the issuance of the currency.
- If you want to know what the rupee symbol in the word is called, it’s the rupee. The Hindi word rupaya is a word that came from the Sanskrit word ‘Rupaya’. Moreover, that Sanskrit word came from ‘rupa’, or ‘Shape’.
- In 2010, Uday Kumar Dharmalingam, an Indian academic and designer who designed the Indian currency symbol ₹.
- The Indian rupee symbol has the blend of Devnagri Ra as well as Roman R. In addition, as we mentioned earlier, the netizen calls it ‘Rupaya’ or ‘Rupiah’ in Hindi.
- People know the horizontal lines on the symbol as Shrio Rekha, which is also a unique feature of the Devnagri script. Therefore, the symbol preserves this pretty important feature of the old script.
- In fact, if you take a look at the symbol, it has two horizontal lines with a little space. The designer did this to create the background of the Indian flag’s tri-color.
- Here’s another cool fact: The two lines also stand for the arithmetic sign of ‘equal’ or ‘=’, which shows ‘balance’.
There are a lot of stories behind the Indian currency rupee that you can’t cover in a single day. So, if you are planning to go to India then we hope you learned something new about Indian currency and the significance of the symbol.