Indian Rupee is the official currency of India. The Indian currency exchange rate today shows that the most popular Indian currency exchange into USD. INR is the famous currency code of the official Indian rupee. The Indian Rupee currency symbol is ₹. You can also check the Indian currency exchange rate in Delhi on any authorized website. You can also take the help of an Indian Currency convertor to know the exact Indian Currency exchange rate today.
In this article, we will give you a brief overview of Indian currency and the Indian currency exchange rate today.
Indian Currency History
The Reserve Bank of India is the Central Bank in India. The Indian currency exchange rate today depends on the Market. The Indian Currency exchange rates are based on managed floating exchange rates. It helps the exchange rate of the Indian currency to stabilize significantly.
India is among the first countries that issue coins. The first coin was issued in the 6th century. The design of the Indian coin kept changing due to the change of rulers. In the 12th century, tanka was introduced as an Indian coin. Later a unified system was established for monetary transactions. During this period, Silver Rupayya was introduced.
In the year 1823, British India followed the silver standard currency system. It was in the circulation until 20th century. India never adopted the pound currency as its official currency. In later years due to the collapse of financial institutions, the paper money was transferred to the British Government.
After India gained independence, the Indian Rupees were restored to its signature coin. It was adopted as the only Indian currency. Other coins were removed from being circulated. In the year 1957, India also introduced the decimalization system.
In 2016, the INR 500 and INR 1000 notes were made illegal due to demonetization. This was done to remove corruption and illegal cash flow. Later the same year INR 2000 note was introduced with Mahatma Gandhi’s face.
List of Indian Currency Details
|Currency Name||Indian Rupees|
|Nickname||Rupayya, Taaka, Rūbāi, Athanni|
|Central Bank Name||Reserve Bank of India|
|Top conversion||INR to USD|
|Unit||1/100 = paisa|
|Coins that are used frequently||₹1, ₹2, ₹5, ₹10, p50|
|Frequently Used Bank Notes||₹2000, ₹5, ₹20, ₹500, ₹100, ₹50,₹200, ₹10,|
|Rarely Used Bank Notes||₹1, ₹2|
|Nations that use Indian Currency||India, Bhutan, Nepal|
Convert Your Indian Rupee to Indian Rupee Exchange Rate
Here is how you can convert Indian Rupee to INR-
|Currency||Indian Rupee (INR)|
|1 INR||1 INR|
|5 INR||5 INR|
|10 INR||10 INR|
|25 INR||25 INR|
|50 INR||50 INR|
|100 INR||100 INR|
|500 INR||500 INR|
|1,000 INR||1,000 INR|
|5,000 INR||5,000 INR|
|10,000 INR||10,000 INR|
|50,000 INR||50,000 INR|
1 Indian Rupee to Indian Rupee Statistic
We have mentioned the past performance of the Indian currency in the table ahead-
|Indian Currency||Last 30 Days||Last 90 Days|
Indian Rupee Exchange Rate Table
We have mentioned the Indian Currency exchange rate today for you in the table mentioned below-
|Indian Rupee||1.00 INR||Indian Currency Exchange|
|Chinese Yuan Renminbi||0.085275||11.726810|
You can take the help of an Indian currency converter to see the latest price of the Indian Currency exchange rate today. These Indian currency convertors are available at authorized sites. You can also take the help of banking institutes or money changers to get your money converted. The Money changers offer attractive prices on Indian exchange rates. One can also use the Indian currency converter to know the approx. price of Indian currency exchange. Banks do not offer an attractive price for the currencies.
You also have the opportunity to invest in different currencies. However, you must know that the value of these currencies keeps fluctuating and is not constant.
Indian Currency Exchange Rate – FAQs
Q1. What is the meaning of the Indian Currency Exchange Rate Today?
Ans. The Indian Currency exchange rate stands for the price value of the Indian rupee in the market. This price is not constant and keeps fluctuating. One can take the help of different online tools or institutions to convert money.
Q2. What is the use of an Indian Currency Convertor?
Ans. Indian currency convertor is used to check the approximate price value of the Indian rupee. One can check the approx. price of Indian currency online. It is also called the Indian currency exchange rate today. The currency exchange rate in Delhi for Indian Rupees depends on the money changers and banking institutions.
Q3. How can I find the exact Indian Currency Exchange Rate Today?
Ans. There is no definite value when it comes to the Indian Currency exchange rate today. The price value of the Indian rupee keeps fluctuating thus it is important to keep a track of the current market price to get the best Indian currency exchange rate in Delhi.
Q4. What is the value of INR 1 against the American dollar?
Ans. The Indian currency exchange rate today for American dollars is around 0.01335 USD.
Q5. What do I have to do to use an Indian Currency Convertor?
Ans. You can gain access to an Indian Currency convertor at any website. You just have to provide the amount of the currency you want to convert. The automatic Indian Currency convertor will help you with the currency exchange rate in Delhi. However, keep in mind that you should use an updated Indian Currency convertor to get accurate results.
Q6. What is the high-priced currency in India?
Ans. Kuwaiti Dinar is a highly-priced currency in India and across the world. Kuwaiti currency has a currency code-named KWD. This currency is mostly exchanged in the Indian currency exchange rate. Kuwait has one of the strongest Indian ex-pat communities. This is the main reason for this currency to become popular. Kuwaiti Dinar rose into prominence due to the rich oil reserves that contributed to the stability of Kuwait.
Q7. What is the Indian Currency Exchange rate today for Kuwaiti Currency?
Ans. The Indian Currency exchange rate in Delhi for the Kuwaiti Dinar is around INR 105. The reason Kuwaiti dinar is the highly-priced currency in the world is due to its rich oil reserves and oil demand across the world. Kuwait does not ask workers to pay taxes.
Q8. Is using an Indian Currency Convertor will help me understand the Indian Currency Exchange Rate in Delhi?
Ans. Yes, using an Indian currency converter can help you in understanding the Indian Currency exchange rate for today. You can also gain profit from taking the advantage of the best Indian currency exchange rate in Delhi. Indian currency convertor helps you to know how much you will earn if you convert a foreign currency against Indian Currency. Indian currency convertor is available at authorized websites.
Q9. What is the name of Stable Currency across the world?
Ans. The name of the stable currency across the globe is Swiss Fran. It is also known as CHF. This currency is the official currency of Liechtenstein and Switzerland. The Latin name of Switzerland gives the currency its name. The Indian currency exchange rate in Delhi of CHF is around INR 72.68. CFH is also called the haven due to its high stability and low debt. Switzerland has one of the best monetary policies in the world.
Q10. What was the time when the first Currency was printed on paper in India?
Ans. The first Indian currency that was printed on paper was introduced in the 18th Century. Some of the private banks contributed to this. These banks were Bank of Bengal, Bank of Hindustan, Bank of Madras, and Bank of Bombay.
Q11. Does RBI have the Authority to issue notes above INR 10,000 in value?
Ans. No, RBI can only introduce a denomination of 5000 or 10000. It works under the specification of the Indian government and can not introduce denominations that are more than INR 10,000. This rule is set under the RBI act 1934.
Q12. If I want to Purchase or Sell Currencies of different Countries, can I do that?
Ans. Yes, you are allowed to sell or purchase currencies of different countries. You can trade in such currencies at the currency exchange market. it is also called a forex exchange. One can gain profit after investing in the currency of different countries.
Q13. Are Indian Currency Convertors Beneficial for people?
Ans. Yes, Indian currency convertors can be beneficial for Indian citizens and those who want to convert their currency in Indian rupees. An Indian converter can help people with understanding the Indian currency exchange rate in Delhi.