The Indian rupee (sign: ₹; code: INR) is the
official currency of the Republic of India. The rupee is subdivided into 100
paise (singular paisa), though as of 2018, coins of denomination of 100
paise or one rupee is the lowest value coin 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. The rupee is named after the
silver coin, rupiya, first issued by Sultan Sher Shah Suri in the 16th
century and later continued by the Mughal Empire. |
Mint Marks:
B - Mumbai (Bombay), proof issues only (1969 until 1995)
(B) - Mumbai (Bombay), diamond
C – Ottawa (1985 25 Paise; 1988 10, 25 & 50 Paise)
(C) – Kolkata (Calcutta) no mint mark
H - Birmingham (1985 Rupee only)
(H) - Hyderabad, star (1963)
(Hd) - Hyderabad, diamond split vertically (1953-1960)
(Hy) - Hyderabad, incuse dot in diamond (1960-1968)
(K) - Kremnica, Slovakia, MK in circle
(L) – British Royal Mint, Llantrisant (1985 rupee only), diamond below first
date digit(Ld) – British Royal Mint
Llantrisant, tower, looks like a bridge
M - Mumbai (Bombay), proof only starting 1996
(M) - Mexico City, M beneath O
(N) - Noida, dot
(P) - Pretoria, M in oval
(R) – Moscow, MMD in oval
(T) - Taegu (Korea), star below first or last date (1997 and 1998 2 Rupees
only)From 1950 through 1964 the Republic of India proof coins carry the
regular diamond mint mark and can be distinguished from circulation issues
only by their proof-like finish. From 1969 proofs carry the capital “B” mint
mark. Some Bombay issues after 1969 have a “proof-like” appearance although
bearing the diamond mint mark of circulation issues. Beginning in 1972
proofs of the larger denominations - 10, 20 and 100 rupees -were partly
frosted on their main features, including numerals. From 1975 all proofs
were similarly frosted, from the 1 paisa to 100 rupees. Proof-like issues
are often erroneously offered as proofs. |