The primary currency in India is the Indian Rupee, represented by the symbol ₹. One rupee is subdivided into 100 paise. The Indian Rupee is issued and regulated by the Reserve Bank of India, which is the country's central banking institution. It is used for all financial transactions within the country, and its value fluctuates against other currencies in the foreign exchange market. Over the years, the Indian government has implemented various reforms to stabilize the currency and promote economic growth.