INR information
About the Indian Rupee (INR)
What Is the Indian Rupee (INR)?
The Indian Rupee, designated by the ISO code INR, is the official currency of the Republic of India. The term 'rupee' is derived from the Sanskrit word 'rupyakam,' meaning a silver coin. The Indian Rupee got its symbol (₹) in 2010, which is a blend of the Devanagari 'Ra' and the Roman capital 'R' without its vertical bar. The Indian Rupee is the sole legal tender in India, and it is used for all transactions within the country.
The Indian Rupee is issued by the Reserve Bank of India (RBI), which is the central bank of India. The RBI is responsible for the regulation and management of the Indian currency and monetary policy. It oversees the issuance and supply of the rupee, ensuring stability and integrity in the country's financial system. The RBI also implements measures to combat counterfeiting and manages the currency's design and denominations.
What Is the History of INR?
The Coinage Act of 1835 standardized coinage in India, introducing coins bearing the effigy of William IV and later Queen Victoria. The rupiya, originally a silver coin, faced devaluation against gold during the 19th century due to the discovery of large silver reserves in Europe and the U.S. During World War II, the regular rupee was replaced with Quaternary Silver Alloy, and post-independence in 1947, India continued using the existing currency until the adoption of its constitution in 1950. In 1957, India introduced a decimal currency system, dividing the rupee into 100 paise.
Notes and Coins of INR
The current series of Indian currency includes notes of various denominations such as 10, 20, 50, 100, 200, 500, and 2000 INR. Each denomination has its unique color scheme and design elements, making them easily distinguishable. The coins, ranging from smaller denominations like 1, 2, 5, and 10 rupees, are minted in various metals and also feature emblematic designs representing India's cultural and historical ethos..
Economic Impact and Exchange Rate Management
The demonetization in 2016 aimed to disrupt the underground economy and curb the financing of illegal activities. This move led to the issuance of new 500 and 2000 INR notes in the Mahatma Gandhi New Series. The RBI's strategy does not peg the INR to a specific foreign currency, but instead aims to reduce exchange rate volatility through market interventions. This policy reflects a preference for a stable yet flexible exchange rate system, adapting to global economic dynamics.
What Is Digital Rupee?
The Digital Rupee, also known as e₹ or eINR, is a digital version of the Indian Rupee, issued by the Reserve Bank of India (RBI) as a central bank digital currency (CBDC). Launched in December 2022, it utilizes blockchain distributed-ledger technology for secure transactions. The Digital Rupee is uniquely identifiable and regulated by the RBI, ensuring its reliability as legal tender. It is designed to be accessible both online and offline, catering to a wide range of financial transactions. The RBI has introduced two versions: the Digital Rupee for Wholesale (e₹-W) for interbank settlements and the Digital Rupee for Retail (e₹-R) for consumer and business transactions. This initiative aims to reduce the costs associated with physical currency, enhance transaction efficiency, and support India's growing digital economy. Unlike cryptocurrencies, the Digital Rupee is a sovereign currency, backed by the RBI, and holds the same value as its physical counterpart.
PB to INR conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | ₹0 | 0.0200% / 0.0320%VIP 7 |
How to buy Perpbot
Buy PB (or USDT) for INR (Indian Rupee) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
C CashBro 120 trades|Completion rate 99.00% | 91.59 INR | Amount12.19 USDT Limit100 - 100 INR | ||
R Ragavandra Traders 292 trades|Completion rate 99.00% | 91.6 INR | Amount801 USDT Limit49000 - 70000 INR | ||
I Infinity Ventures 6 trades|Completion rate 60.00% | 91.6 INR | Amount1472.15 USDT Limit50000 - 50000 INR | ||
M MARSVERSE_7845560877 58 trades|Completion rate 82.00% | 91.99 INR | Amount14.34 USDT Limit100 - 100 INR | ||
hashir 215 trades|Completion rate 99.00% | 92.49 INR | Amount9213.06 USDT Limit20000 - 150000 INR |
Sell PB (or USDT) for INR (Indian Rupee) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
s safetradeder 828 trades|Completion rate 100.00% | 94.9 INR | Amount500 USDT Limit100 - 51770 INR | ||
C CDM-918503812249 9 trades|Completion rate 69.00% | 94.8 INR | Amount5000 USDT Limit70000 - 474000 INR | ||
s safetradeder 828 trades|Completion rate 100.00% | 93.38 INR | Amount100 USDT Limit100 - 926 INR | ||
N Narasimha_trades 71 trades|Completion rate 93.00% | 92.5 INR | Amount146 USDT Limit10000 - 13505 INR | ||
U USDT BUYER 2024 35 trades|Completion rate 81.00% | 92.45 INR | Amount119 USDT Limit10000 - 11001.55 INR |
What factors influence the conversion rate of Perpbot to Indian Rupee?
Perpbot to Indian Rupee is falling this week.Conversion tables
The exchange rate of Perpbot is decreasing.PB to INR
INR to PB
Today vs. 24 hours ago
Amount | 13:50 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 PB | $0.00 | $0.0004052 | -1.28% |
1 PB | $0.00 | $0.0008104 | -1.28% |
5 PB | $0.00 | $0.004052 | -1.28% |
10 PB | $0.00 | $0.008104 | -1.28% |
50 PB | $0.00 | $0.04052 | -1.28% |
100 PB | $0.00 | $0.08104 | -1.28% |
500 PB | $0.00 | $0.4052 | -1.28% |
1000 PB | $0.00 | $0.8104 | -1.28% |
Today vs. 1 month ago
Amount | 13:50 today | 1 month ago | 1M change |
---|---|---|---|
0.5 PB | $0.00 | $0.1208 | -79.38% |
1 PB | $0.00 | $0.2416 | -79.38% |
5 PB | $0.00 | $1.21 | -79.38% |
10 PB | $0.00 | $2.42 | -79.38% |
50 PB | $0.00 | $12.08 | -79.38% |
100 PB | $0.00 | $24.16 | -79.38% |
500 PB | $0.00 | $120.82 | -79.38% |
1000 PB | $0.00 | $241.65 | -79.38% |
Today vs. 1 year ago
Amount | 13:50 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 PB | $0.00 | $-0.03138 | 0.00% |
1 PB | $0.00 | $-0.06277 | 0.00% |
5 PB | $0.00 | $-0.3138 | 0.00% |
10 PB | $0.00 | $-0.6277 | 0.00% |
50 PB | $0.00 | $-3.1383 | 0.00% |
100 PB | $0.00 | $-6.2766 | 0.00% |
500 PB | $0.00 | $-31.3831 | 0.00% |
1000 PB | $0.00 | $-62.7662 | 0.00% |
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