Sunday, July 13, 2008

Indian rupee


The rupee (Hindi: रुपया) is the currency of India. The issuance of the currency is controlled by the Reserve Bank of India. The most commonly used symbols for the rupee are Rs, ₨ and रू. The ISO 4217 code for the Indian rupee is INR. The modern rupee is subdivided into 100 paise (singular paisa).

In most parts of India, the rupee is known as the rupee, roopayi (రూపాయి) (ರೂಪಾಯಿ), rupaye, rubai (ரூபாய்) or one of the other terms derived from the Sanskrit rupyakam (Devnagari: रूप्यकं), raupya meaning silver; rupyakam meaning (coin) of silver. However, in West Bengal, Tripura, Orissa, and Assam, the Indian rupee is officially known by names derived from the Sanskrit ṭanka. Thus, the rupee is called টাকা ṭaka in Bengali, টকা tôka in Assamese, and ଟଙ୍କା ṭôngka in Oriya, with the symbol ৳, and is written as such on Indian banknote

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