The Indian rupee is the official currency of the Republic of India. It's also have nicknames Taaka, Rupayya, Rubai. It is divided into 100 smaller units called paise.
The Indian rupee symbol officially adopted in 2010 is derived from the Devanagari consonant (Ra) with an added horizontal bar. The parallel lines at the top (with white space between them) are said to make an allusion to the tricolor Indian flag and depict an equality sign, which symbolizes the nation's desire to reduce economic disparity.. The first series of coins with the rupee symbol was launched on 8 July 2011.
Currently printed Indian rupee denominations are 1, 2, 5, 10, 20, 50, 100, 500 and 1000. The coins that are currently in circulation are of the denominations 50 paise, 1, 2, 5, 10 , 50, 75, 100 , 1000 Rupees (50, 75, 100 & 1000 Rupee coins are commemorative only). As of 30 June 2011, coin denominations of less than 50 paise ceased to be legal tender.