The Indian rupee is India's currency, represented by the symbol ₹ and the code INR. The Reserve Bank of India issues rupee banknotes. The Mahatma Gandhi (New) Series includes commonly circulated ₹10, ₹20, ₹50, ₹100, ₹200 and ₹500 notes, alongside certain earlier notes that remain valid.
The ₹2,000 note is an important exception to ordinary circulation. The RBI announced its withdrawal from circulation in May 2023 while expressly stating that the denomination would continue as legal tender. That is different from demonetization. For digital transactions, an INR account records value in rupees, but the account currency does not guarantee that every card, wallet or bank route is settled domestically in INR. Where a funding source uses another currency, conversion can occur before the money is credited, and the conversion rate is determined by the financial institutions involved.
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