<P> The Indian rupee ( sign : ₹ ; code : INR ) is the official currency of the Republic of India . The rupee is subdivided into 100 paise ( singular paisa ) , though as of 2018 , coins of denomination 25 paise and less are no longer legal tender . The issuance of the currency is controlled by the Reserve Bank of India . The Reserve Bank manages currency in India and derives its role in currency management on the basis of the Reserve Bank of India Act , 1934 . The rupee is named after the silver coin , rupiya , first issued by Sultan Sher Shah Suri in the 16th century and later continued by the Mughal Empire . </P>
<P> The Indian rupee ( sign : ₹ ; code : INR ) is the official currency of the Republic of India . The rupee is subdivided into 100 paise ( singular paisa ) , though as of 2018 , coins of denomination 25 paise and less are no longer legal tender . The issuance of the currency is controlled by the Reserve Bank of India . The Reserve Bank manages currency in India and derives its role in currency management on the basis of the Reserve Bank of India Act , 1934 . The rupee is named after the silver coin , rupiya , first issued by Sultan Sher Shah Suri in the 16th century and later continued by the Mughal Empire . </P>
who issues notes and coins in india now
who issues notes and coins in india now
Reserve Bank of India
Reserve Bank of India