The Indian Rupee, or INR, is the official currency of India and one of the oldest currencies still in use. The name comes from the Sanskrit word 'rupya', which meant wrought or stamped silver.

The silver rupee was introduced centuries ago and stayed in use through many different rulers. Over time, it grew into the modern currency used across India today.

The Reserve Bank of India, set up in 1935, is the main authority for issuing notes and managing the currency. It continues to do this today.

India moved to a decimal system in 1957. Since then, one rupee has been divided into 100 paise.

The familiar ₹ symbol was adopted in 2010. It blends the Devanagari letter 'Ra' with the Latin 'R'. The rupee is a market-driven currency, though the Reserve Bank steps in at times to keep it steady. Its value shifts with inflation, trade, and global flows.

Today, the rupee is the currency millions of families receive from abroad. For most people sending money to India, it is the amount that finally lands at home that matters.

With ZoltMoney, you can send money to India online in a few simple steps and see exactly how many rupees your family will receive.