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The silver coin rupiya was used during the Mughal period and in British India. In 1835 the Coinage act was passed and a mono-metallic uniform coin was adopted by British India. Unsuccessful attempts were made by the British to make the gold British sovereign the currency of India but the rupee remained in place. The British altered the rupee replacing native portraits with images of the British monarchy. In 1867 banknotes were issued in India with portraits of Queen Victoria.
India became independent in 1947 and a republic in 1950. During this time the rupee reverted back to the original design of the rupee coin. George VI bank notes were replaced with Lion Capital at Sarnath.
In 1996 Mahatma Gandhi banknotes were issued in India.
7 Day Movement:
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In 2007 the Indian rupee hit the headlines worldwide as India faced a chronic shortage of coins. Rupees were being smuggled out of India into neighbouring Bangladesh to make razor blades. The government had to change the metallic content of the coins to prevent further shortages.
The Indian Rupee is the official currency of India. The ISO 4217 currency code for the Indian Rupee is INR.