<P> 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 termed the Rupiya . The silver coin remained in use during the Mughal period , Maratha era as well as in British India . 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 -- 91 ) . </P>
<P> 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 termed the Rupiya . The silver coin remained in use during the Mughal period , Maratha era as well as in British India . 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 -- 91 ) . </P>
the mughals adopted the rupee from the currency developed by
the mughals adopted the rupee from the currency developed by
Sher Shah Suri
Sher Shah Suri