The official currency used in India is the Indian Rupee, abbreviated as INR. The symbol for the rupee is ₹. The rupee is subdivided into 100 paise and is issued by the Reserve Bank of India, which manages the country's monetary policy. The Indian economy is one of the largest in the world, and the rupee plays a significant role in domestic and international trade. The currency's value can fluctuate based on various factors, including economic indicators, market conditions, and geopolitical events, influencing its purchasing power both within India and abroad.