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The Indian rupee (signal: ₹; code: INR), will be the official currency with the Republic of India. The rupee is subdivided into one hundred paise (singular paisa), while as of 2011, 25 paise is no more a legal tender. The issuance with the currency is controlled from the Reserve Financial institution of India. The Reserve Lender manages currency in India and derives its role in currency management on The premise in the Reserve Lender of India Act, 1934. The rupee is named once the silver coin, rupiya, first issued by Sultan Sher Shah Suri in the 16th century and afterwards continued with the Mughal Empire. In 2010, a different symbol '₹', was officially adopted. It was derived from The mixture of the Devanagari consonant "र" (ra) along with the Latin cash letter "R" without the need of its vertical bar (similar to the R rotunda).
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