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340–290 BCE), mentions silver coins as rūpyarūpa. Arthashastra, written by Chanakya, prime minister to the first Maurya emperor Chandragupta Maurya ( c. Though Pāṇini mentions rūpya ( रूप्य), it is unclear whether he was referring to coinage. The weight remained unchanged well beyond the end of the Mughals until the 20th century. The immediate precursor of the rupee is the rūpiya-the silver coin weighing 178 grains minted in northern India, first by Sher Shah Suri during his brief rule between 15, and later adopted and standardized by the Mughal Empire. 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.

Highest indian currency in other countries