The Indian currency is called the Indian Rupee, and the coins are called the paise. One Indian Rupee is made up of 100 paise. Paper money comes in allotments of Rs.5, Rs.10, Rs.20, Rs.50, Rs.100, Rs.500 and Rs.1000. Coins come in allotments of 10 paise, 20 paise, 25 paise, 50 paise, one rupee, two rupees and five rupees. According to the Reserve Bank of India Act (1934), coins can be issued up to Rs. 1000, and bank notes can be issued in denominations of Rs. 1000, Rs. 5000, Rs. 10000, or any other value that the Central Government may specify. |
