Most people are familiar with the word “Rupees” instead of INR. Because the word “rupee” is mainly the word used for the Indian rupee. What is INR?
But in some conditions you cannot call rupee as rupee. In many places you will get to see INR in terms of money. But do you know why INR is used instead of simply using Rs. (There is also a special reason for this)
What is INR
The full form of INR is Indian Rupee . This is because the currency of many other countries is known as rupee. But inr means Indian rupee which makes it easy to identify the currency.
For which INR is used. From which one can easily understand that the Indian rupee is being talked about. You will get to see and hear the word INR mainly on the internet.
Because there are international level tasks on internet. Because of which almost all sites, blogs etc. use countrywise currency code.
For example, if we talk about the currency of America, then it is called normal dollar. But the name of the currencies of many other countries is dollar. So for this America’s dollar is called in short USD. Which means United States Dollar.
Although it can be understood only by the word rupee, that the rupee (Currency) is being talked about. But this will not decide which country’s currency is being talked about. Because there are currencies in mulitple countries on the same name.
Like shri lankan rupee, pakistani rupee, etc. But when INR will be said then everyone can easily understand. Let’s talk about the Indian Rupee.
when was the indian rupee established
The currency issued by the RBI after India became independent was the Re 1 note, which was issued in 1949.
what is the name of indian currency
The name of Indian currency is Rupee and there are 100 paise in one rupee.
where is the indian rupee printed
Indian currency is printed in the Government Press Office as per the orders of the RBI. Even RBI cannot print unlimited rupees. Rather, rupees can be printed only according to the country’s GDP / growth rate.
In this article you learned what is INR and INR full form. We hope this information will prove useful for you.