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The Indian rupee (sign: ₹; code: INR) is the official currency of India. The rupee is subdivided into 100 "paise" (singular "paisa"), though as of 2018, coins of denomination of 50 paise or half rupee is the lowest value in use. The issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank manages currency in India and derives its role in currency management on the basis of the Reserve Bank of India Act, 1934.
rupee