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The Indian rupee was re-introduced in Medieval times, issued and termed as "rupiya", the silver coin, by Sher Shah Suri (1540–1545), continued by the Mughal rulers. The history of the rupee traces back to Ancient India circa 3rd century BC. Ancient India was one of the earliest issuers of coins in the world, along with the Lydian staters, several other Middle Eastern coinages and the Chinese wen.
The term is from "rūpya", a Sanskrit term for silver coin, from Sanskrit rūpa, beautiful form.
rupiya