Detailed information about the currency Indian Rupee (INR), HTML code, the currency symbol and exchange rate to other currencies of the world. Learn about the history, denominations, and value of the Indian Rupee, its significance, and its impact on India 's economy and global trade. The earlier statutes relating to paper currency and coins have been repealed. Further, in terms of section 26 of the Reserve Bank of India Act, 1934, every bank note shall be legal tender at any place in India in payment or on account for the amount expressed therein and shall be guaranteed by the Central Government. This currency rates table lets you compare an amount in Indian Rupee to all other currencies.