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 issuance of the currency is controlled by the Reserve Bank of India. The rupee is subdivided into 100 paise (singular: paisa), though as of 2023, coins of denomination of 1 rupee are the lowest value in use whereas 2000 rupees is the highest. ![]() The Indian rupee ( symbol: ₹ code: INR) is the official currency in the Republic of India.
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