Inr (Indian Rupee)
The Indian Rupee (INR) is the official currency of India. It is a fiat currency, meaning that it is not backed by a physical commodity, such as gold. Instead, it is backed by the government of India.
Key features of the Indian Rupee:
- Symbol: โน
- Denomination: Coins and notes come in denominations of 1, 2, 5, 10, 20, 50, 100, 200, 500, and 2000.
- Color: The currency is printed in various colors, including green, blue, red, and purple.
- Security features: The currency has various security features, such as holograms and watermarks.
- Legal tender: The Indian Rupee is legal tender in India.
- Exchange rate: The Indian Rupee is traded on foreign exchange markets.
Here is a table summarizing the key differences between the Indian Rupee and other major currencies:
| Currency | Exchange rate (as of February 20, 2023) | Value compared to USD ||—|—|—|| Indian Rupee | 82.27 INR/USD | 1 USD = 82.27 INR || US Dollar | 1 USD = 1 USD | 1 USD = 1 USD || Euro | 1 USD = 0.94 EUR | 1 USD = 0.94 EUR || Pound Sterling | 1 USD = 0.80 GBP | 1 USD = 0.80 GBP || Japanese Yen | 1 USD = 148.24 JPY | 1 USD = 148.24 JPY |
The Indian Rupee is one of the most widely traded currencies in the world. It is also one of the most volatile currencies, meaning that its value can fluctuate greatly.
