The history of Indian currency dates back to ancient times when different empires and dynasties issued their own coins. Some of the earliest known coins were issued by the Indo-Greeks, followed by the Kushan Empire, Gupta Empire, and various regional kingdoms.
During the medieval period, the Delhi Sultanate and Mughal Empire issued their own coins, which were often made of silver or copper. The Mughal rupee, introduced by Sher Shah Suri in the 16th century, became the standard currency used in the Indian subcontinent.
With the arrival of European traders and colonizers in India, the East India Company introduced its own currency system. The British Indian Rupee was established as the official currency in 1835 under British rule.
After India gained independence in 1947, the Indian Rupee continued to be the official currency. The modern Indian Rupee is decimalized and is issued and regulated by the Reserve Bank of India. Over the years, various denominations and designs of coins and banknotes have been introduced to meet the needs of the growing Indian economy.
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