Indian rupees. Indian rupee to ruble, dollar, euro

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

In Sanskrit, "rupee" means "chased silver". This was the name of the coins in India, which were made from this precious metal. The first "white" money appeared in the XV century. Indian rupees very quickly became popular not only in their own country, but also in neighboring states. Today they are actively used in Nepal, Pakistan, Indonesia, as well as in Sri Lanka, the Maldives and Seychelles.

The appearance of the first coins

The Indian rupee has an interesting and original history of development. Coins in the distant Middle Ages began to be minted under the leadership of the ruler Shera Shah, who understood that the development of the country's economy depended on them. The first of them was equal to 40 pieces of copper - pice. Their weight slightly exceeded 11.5 grams. At first, the rupee was round. But under Shah Akbar, namely, he began to actively popularize the monetary unit of India, the coins acquired a rectangular shape: blessings and wishes were written on them. Often, rupees were named after we althy nobles.

The Indian rupee was initially very high, and the coins were of excellent quality. But this was observed before the formation of the British colonial state in India. After this event - the loss of independence by the power - the rupee also lost its original and original appearance. On its sides, the faces of the English kings began to appear more and more often. The first to portray the monarch William IV.

Development of the monetary unit

Indian rupees became fully unified in 1835. After 30 years, the so-called government rupee was officially introduced into circulation, and a new division was established: one coin was equal to 64 paise. But this did not affect the strength of the local currency: already in 1883, a period of rapid depreciation of the currency began. It was said that the reason for this was the silver standard. Like, if coins are minted from gold, they are always able to remain competitive.

In 1947, India freed itself from British rule. From this period, a new stage in the development of rupees starts: the country began to issue banknotes. Paper bills were before that, but they did not enjoy such overwhelming popularity. In the second half of the 20th century, the currency began to take on an interesting look, to “acquire” strong elements of protection. Today, the rupee is in active use in India. There is a wonderful coin museum on the territory of the state, where all copies of the monetary unit are collected: from the moment of their creation to the present day.

Modern currency

TodayThe monetary unit largely depends on the American currency. The Indian rupee is related to the dollar, as well as to the euro and the ruble, according to the numerical values and frameworks that are affected by the financial situation in the state and the world economy as a whole. It is denoted by Rs. Banknotes of the same denomination may be different: this is not a fake, but different modifications of the same banknote. Despite this, all paper money has a common obligatory element - the image of Mahatma Gandhi. Banknotes can be issued in honor of certain people or important events. For example, on the back of 500 rupees there is a picture of the S alt Campaign, an episode of the struggle of the people against colonial taxes. Instead, the country's largest currency, the thousand rupees, is dedicated to the Indian economy.

The Indian rupee has changed frequently. Modern coins have again found a round shape, only they are made of aluminum these days. All of them bear the national emblem of the state - the capital of a column decorated with three lions, the ruler of Ashoka. He led the state as far back as the 3rd century BC.

Degrees of protection

Indian rupees have a whole system of elements that protect them from massive fraud. One of the protection levels is a watermark made in the form of a portrait of Mahatma Gandhi. It is visible if you look at the banknote against the light. The banknotes also have a so-called diving metallic thread, which appears in bright light as a dark continuous strip. In addition, the RBI trace element is located on the monetary unit, seewhich is possible only with multiple magnification, as well as a hidden picture, visible only at a certain angle.

Other security features include special tactile markings, embossed printing, original serial number and superimposed image. Banknotes are colored with a special ink that contains optically variable pigmentation, which changes the palette depending on the viewing angle and the intensity of illumination. There are also UV elements: colored fibers and luminescent substances that transform the shade under the influence of ultraviolet rays.

Exchange

If you decide to spend your vacation in India, you will definitely face the question of where and how best to exchange Russian money for local. A financial transaction can be carried out directly at the airport upon arrival. But experienced tourists do not advise doing this: the Indian rupee against the ruble in these points is at a slightly low price level. That is, you can lose a little on the exchange. In addition, you can be deceived: India is an eastern country on the very outskirts of Asia, where counterfeiters are actively operating. As for the exchange of money that seemingly decent hotel administrators or taxi drivers offer you, such actions are also fraught with the loss of hard-earned money. Run from them like the plague.

The exchange rate of the Indian rupee is the most favorable for the traveler in the bank. There are also exchange offices, but you should contact them only as a last resort. When conducting a financial transaction, make sure that you are not given too large banknotes. FROMWith such banknotes, you will have extra difficulties when paying for services and goods: here sellers never have change.

Card system

Indian rupees can be obtained not only by exchanging "live" money, but also by withdrawing from a plastic card. Instead, it is not recommended to use traveler's checks: this method is far from safe, and besides, it has long outlived itself. If the choice was made on a card, then it would be wise to go to your bank before the trip and clarify all the important nuances: is the plastic device serviced in India, what difficulties may arise in obtaining money. Ask your manager about possible restrictions and bonuses.

It is better to take cards of international systems to an exotic eastern country: Mastercard and Visa. You can use them not only at ATMs near financial institutions, but also in large shopping centers, airports, hotels. If you lose your card, do not despair: call your bank immediately to block it immediately. It is better to keep the card in a hotel room in a special safe. Cases of theft in India happen often, and even the staff of your hotel can commit a crime. Especially if he sees that you are a holder of a GOLD class card.

ATMs

When withdrawing money using these devices, you pay a commission. Its size is similar to the fee that is collected in third-party banks upon receipt of funds. Usually it is 1% of the total amount. In this case, the commission cannot be less than 3 dollars. It turns out that the more money youtake off, the more profitable it will cost you. There will be no need to constantly run to the ATM, each time losing a fairly decent amount.

In India, there are some restrictions. For example, you will not be able to withdraw more than 20 thousand rupees. Banks also have strict limits regarding the daily amount issued. Be sure to keep all receipts after the transactions. They will be useful in the reverse exchange of rupees for foreign currency, when buying tickets at the box office for tourists, as well as during other important manipulations. By the way, there are ATMs in the country that "pull" banknotes back if you do not pick them up within 30 seconds after the end of the operation.

Exchange rate

Many travelers claim that it is most profitable to exchange dollars in India. The American currency here is very much appreciated by the local population: it is readily accepted not only by serious financial institutions, but also by small traders in the market. The Indian rupee to the dollar today is in the following ratio: 1:0, 01. That is, for one dollar you can buy 68 rupees. To get your bearings: how much does a liter of gasoline cost in this country. For ten dollars you can rent a modest hotel room: daily accommodation in a two-star hotel costs from 600 rupees.

Indian rupee against the euro is at a similar price level. A banknote of a single denomination equals 0.01 European monetary units. One euro can be exchanged for 74 rupees: this is seven minutes of calling home from the cardmobile operator of this country. As for domestic money, the range in which the Indian rupee remains to the ruble is as follows: 1: 1.2. For one ruble, you can buy only 0.83 rupees. When exchanging money, do not forget to count them and check the appearance of banknotes for possible damage.