Take a picture and send pictures. We want to make sending money as easy and simplified as sending a message. View in App. Speaking to the Indian news website Rediff. I wanted the symbol for the rupee to represent the Indian flag. It is a perfect blend of Indian and Roman letters: a capital 'R' and Devanagari 'ra' which represents rupiya, to appeal to international audiences and Indian audiences.
It creates a background effect of three stripes tricolor which subtly represent the Indian national flag flying at the top. The two horizontal lines also represent the arithmetic sign 'equal to' which signifies a balanced economy. Udaya Kumar designed the symbol keeping in mind the existing symbols of other currencies.
Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. The Indian rupee derives its name from the rupiya, a silver coin first issued by Sultan Sher Shah Suri in the 16th century. Coins in India are issued in denominations of 50 paise, one rupee, two rupees, five rupees, and ten rupees.
Coins worth 50 paise are called small coins, while coins equal or above one rupee are known as rupee coins. Paper currency or banknotes are issued in denominations of 5, 10, 20, 50, , , and 2, rupees. On the reverse side of paper rupees, denominations are printed in 15 languages, while denominations are printed in Hindi and English on the front side.
The banknotes are updated frequently with new designs, including distinct differences from old Mahatma Gandhi Series of banknotes to the new ones of the same name. The notes include various themes of India's rich heritage. India is a cash-based economy, which has resulted in fake currency being circulated by those engaged in illegal behavior.
Fake notes, which might appear similar to legal notes, are counterfeited by money launderers and terrorists. Typically, the high denominations are usually the most counterfeited notes.
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