The Indian rupee is the currency of India. The banknotes are printed on paper. The Reserve Bank of India (RBI) is responsible for issuing the Indian banknotes.
The Indian rupee has been pegged to both the British pound and the U.S. dollar in the past, but currently has a freely floating exchange rate. India’s neighboring countries, Nepal and Bhutan, are both pegged to the rupee. Based on market exchange rates, the Indian economy is about the tenth largest in the world.
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