The rupee coins are produced by a coin minting company that is appointed by the Reserve Bank of India.
Rupee is a common name for currencies of many countries. The term "rupee" is mainly used to signify the Indian currency. Countries like Pakistan, Nepal, Sri Lanka, Mauritius and Seychelles have also named their currencies rupee, but they are usually mentioned as Pakistani rupee, Sri Lankan rupee, etc. The term rupee originates from rupya which is a Sanskrit word for silver coins. Rupya or rupees were used in ancient India as gold and silver coins. In modern form they are in coins and currency notes. Valuable gems or jewel have never been used as rupee. So, rupee is not a (red) jewel. Ruby is a red gem used in making jewelry.
Yes it is possible when any currency is been converted into $ why any currency cannot convert into Indian Rupee
Mr. Uday kumar from IIT Bombay, Mumbai. But the selection process has been challenged under the Right to Information Act in the Delhi High Court. The petitioner, Rakesh Kumar, who was a participant in the competition, described the process as "full of discrepancies" and "flawed", and named the Finance Ministry and the chairman of Indian Rupee Symbol Selection Committee as respondents. Matter is still in Indian supreme court..
The current exchange rate of INR, Indian Rupee, to SAR, Saudi Riyal as of August 2013 is 1 Indian Rupee equals 0.062 Saudi Riyal. The value of the Saudi is not as high as it had been in previous years.
The first "rupee" is believed to have been introduced by Sher Sha Suri (1486-1545), based on a ratio of 40 copper pieces (paisa) per rupee. Among the earliest issues of paper rupees were those by the Bank of Hindustan (1770-1832)
The first currency used in Qatar was the Indian rupee, which was prevalent during the 19th century when Qatar was part of the British Indian Empire. In 1973, Qatar introduced its own currency, the Qatari riyal, which replaced the Indian rupee and has since been the official currency of the country. The riyal is subdivided into 100 dirhams.
its a part of India. so it uses Indian currency and coins. recently some coins named andaman and nicobar are been on circulation, but they are fake
Mr. Uday kumar from IIT Bombay, Mumbai. But the selection process has been challenged under the Right to Information Act in the Delhi High Court. The petitioner, Rakesh Kumar, who was a participant in the competition, described the process as "full of discrepancies" and "flawed", and named the Finance Ministry and the chairman of Indian Rupee Symbol Selection Committee as respondents. Matter is still in Indian supreme court..
on rupee notes no longer exist,,,the value of rupee over years has been so diluted that it costs much more to print or mint the small denominations like 1-2-5 rupees- that in a lot of places you are handed over candy instead of change....just like that
There are many major currencies in the world which have valid Signs of their own; as for example the dollar, the pound, the Yen etc. As far as the Indian rupee is concerned, there isn't a Sign for it per se. Althoug Ru., Rs., & Re., have been used since times immemorable. The GOI had also started a competition to get proposed Sign for the Indian rupee. The last date for registration and sending in the entry, although, has past (which by the way was 15th of April, '09). The winner's sign might be taken up as the official rupee sign. Untill then, there is no official sign for Our Own Currency, the Rupee. -Chetan D.
Mr. Uday kumar from IIT Bombay, Mumbai. But the selection process has been challenged under the Right to Information Act in the Delhi High Court. The petitioner, Rakesh Kumar, who was a participant in the competition, described the process as "full of discrepancies" and "flawed", and named the Finance Ministry and the chairman of Indian Rupee Symbol Selection Committee as respondents. Matter is still in Indian supreme court..