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.

In most parts of India, the rupee is known as the rupee, roopayi, rupaye, rubai or one of the other terms derived from the Sanskrit rupyakam (Devnagari: रूप्यकं), raupya meaning silver; rupyakam meaning (coin) of silver. However, in the Bengali, Oriya and Assamese languages, spoken in West Bengal, Tripura, Orissa, and Assam, the rupee is known as a Taka, symbol ৳, and is written as such on Indian banknotes.

The modern rupee is subdivided into 100 paise (singular paisa). As is standard in Indian English, large values of Indian rupees are counted in terms of thousands, lakh (100 thousand, in digits 1,00,000), crore (100 lakhs, in digits 1,00,00,000) and arawb (100 crore, in digits 1,00,00,00,000). The use of million or billion, as is standard in American or British English, is far less common.

For example, the amount INR 1,25,84,729.25 is spoken as one crore twenty-five lakhs eighty-four thousand seven hundred twenty-nine rupees and twenty-five paise (see Indian numbering system).