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The Indian rupee (indicator: ₹; code: INR), may be the official currency with the Republic of India. The rupee is subdivided into 100 paise (singular paisa), although as of 2011, 25 paise is no extra a authorized tender. The issuance of the currency is managed by the Reserve Financial institution of India. The Reserve Financial institution manages currency in India and derives its function in currency management on The idea in the Reserve Lender of India Act, 1934. The rupee is named after the silver coin, rupiya, 1st issued by Sultan Sher Shah Suri from the sixteenth century and later ongoing by the Mughal Empire. In 2010, a different symbol '₹', was officially adopted. It was derived from The mixture in the Devanagari consonant "र" (ra) as well as Latin capital letter "R" devoid of its vertical bar (much like the R rotunda).
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