![]() In 1957, decimalisation occurred and the rupee was divided into 100 naye paise (Hindi/Urdu for new paisas). So one rupee was equal to 64 pice (paisa) and 192 pies as 1 Pice was equal to 3 pies. During British rule, and the first decade of independence, the rupee was subdivided into 16 annas. The Indian rupee was a silver-based currency during much of the 19th century, which had severe consequences on the standard value of the currency, as stronger economies were on the gold standard. Among the earliest issues of paper rupees include the Bank of Hindostan (1770–1832), the General Bank of Bengal and Bihar (1773–75, established by Warren Hastings), and the Bengal Bank (1784–1791). The silver coin remained in use during the Mughal period, Maratha era, as well as in British India. The coins depicting Ram and Sita were issued in both silver and gold minting ended right after Akbar's death in 1605. The Mughal ruler issued coins honouring the Hindu deities in 1604–1605. Sher Shah Suri, during his five-year rule from 1540 to 1545, set up a new civic and military administration and issued a coin of silver, weighing 178 grains, which was also termed Rupiya. In the intermediate times there was no fixed monetary system as reported by the Great Tang Records on the Western Regions. Rūpa means form or shape, example, rūpyarūpa, rūpya – wrought silver, rūpa – form. 340–290 BC), mentions silver coins as rūpyarūpa, other types including gold coins (suvarṇarūpa), copper coins (tāmrarūpa) and lead coins (sīsarūpa) are mentioned. Īrthashastra, written by Chanakya, prime minister to the first Maurya emperor Chandragupta Maurya (c. It is derived from the noun rūpa "shape, likeness, image". As an adjective it means "shapely", with a more specific meaning of "stamped, impressed", whence "coin". The word "rupee" is derived from a Sanskrit word "rūpya", which means "wrought silver", and maybe also something stamped with an image or a coin. The term in Indian subcontinent was used for referring to a coin. The mention of rūpya by Pāṇini is seemingly the earliest reference in a text about coins. ![]() The history of the rupee traces back to ancient Indian subcontinent. Before you go to any currency exchange, you should check general conversion rate with currency converter.Silver coin of the Maurya Empire, known as Rūpyarūpa, with symbols of wheel and elephant. There are possibilities to exchange money at currency exchanges in the city or malls, online, via money transfer services and at least banks, with very often huge commissions. But if you want just to convert your Indian Rupee to United States Dollar, then you have to compare and to know where is the best inr to usd exchange rate in India. Also, if you need to transfer Indian Rupee or United States Dollar to any country or from India to United States, you're able to transfer money via xoom, Paypal, Moneygram, Transferwise, Western Union etc. First, check on currency converter for general inr to usd conversion rate, then you can look for currency exchange or exchange money somewhere online. If you travel to India, you can easily convert and get Indian Rupee at any currency exchange in India. INR to USD currency pair can change anytime and may be difficult to predict the future. INR to USD - Indian Rupee to United States DollarĬonvert Indian Rupee to United States Dollar with flexible currency converter, also check Indian Rupee to United States Dollar exchange rate which is changing every second and may be impacted of everyday political or economic life.
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