INR
MXN
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Company name | Currency | Rate |
---|---|---|
Xendpay | 1 INR | 26.5847 MXN |
BookMyForex | 1 INR | 3.08455 MXN |
Today's Rates: 3/2/2021 12:58:49 AM brought you by RemitRardar
INR | MXN |
---|---|
1 INR | 0.28111 MXN |
5 INR | 1.40555 MXN |
10 INR | 2.81110 MXN |
50 INR | 14.05550 MXN |
100 INR | 28.11100 MXN |
250 INR | 70.27750 MXN |
500 INR | 140.55500 MXN |
1,000 INR | 281.11000 MXN |
5,000 INR | 1405.55000 MXN |
10,000 INR | 2811.10000 MXN |
50,000 INR | 14055.50000 MXN |
100,000 INR | 28111.00000 MXN |
500,000 INR | 140555.00000 MXN |
1,000,000 INR | 281110.00000 MXN |
The Indian rupee (sign: ₹; code: INR), is the official currency of the Republic of India. The rupee is subdivided into 100 paise (singular paisa), though as of 2011, 25 paise is no more a legal tender. The issuance of the currency is controlled by the Reserve Bank of India. 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 rupee is named after the silver coin, rupiya, first issued by Sultan Sher Shah Suri in the 16th century and later continued by the Mughal Empire. In 2010, a new symbol '₹', was officially adopted. It was derived from the combination of the Devanagari consonant "र" (ra) and the Latin capital letter "R" without its vertical bar (similar to the R rotunda). The parallel lines at the top (with white space between them) are said to make an allusion to the tricolour Indian flag, and also depict an equality sign that symbolises the nation's desire to reduce economic disparity. The first series of coins with the new rupee symbol started in circulation on 8 July 2011. On 8 November 2016 the Government of India announced the demonetisation of ₹500 and ₹1000 banknotes with effect from midnight of the same day, making these notes invalid. A newly redesigned series of ₹500 banknote, in addition to a new denomination of ₹2000 banknote is in circulation since 10 November 2016. The new redesigned series is also expected to be enlarged with banknotes in the denominations of ₹1000, ₹100 and ₹50 in the coming months.
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