What is the currency code for Indian rupees?

The currency code for US Dollars is USD. The currency symbol is $. Our currency rankings show that the most popular Indian Rupee exchange rate is the INR to USD rate. The currency code for Indian Rupees is INR. The currency symbol is ₹. It has everything you need for international money transfers — easy, secure, and low fees starting at $0.

Does Indian rupee have a market-determined exchange rate?

S/. Officially, the Indian rupee has a market-determined exchange rate. However, the Reserve Bank of India trades actively in the USD/INR currency market to impact effective exchange rates. Thus, the currency regime in place for the Indian rupee with respect to the US dollar is a de facto controlled exchange rate.

What is the history of the Indian rupee?

The history of the Indian rupee traces back to ancient India around the 6th century BCE: ancient India was one of the earliest issuers of coins in the world, along with the Chinese wen and Lydian staters.