Editing Rupee (section)

== Value ==
{{See also|History of the rupee}}

The history of the rupees can be traced back to [[Ancient India]] around the 6th century BC{{Citation needed|date=November 2019}}. Ancient India had some of the earliest coins in the world,<ref name="Subodh Kapoor 1599" /> along with the [[Chinese wen]] and Lydian [[stater]]s.
The rupee coin has been used since then, even during [[British India]], when it contained 11.66&nbsp;g (1&nbsp;[[Tola (unit)|tola]]) of 91.7% silver with an ASW of 0.3437 of a [[troy ounce]]<ref>{{numis cite SCWC | date=1900.4}}</ref> (that is, silver worth about US$10 at modern prices).<ref>{{cite web | publisher=xe.com | date=2 October 2006 | url=http://xe.com/ucc/convert.cgi?Amount=0.343762855&From=XAG&To=USD | title=Equivalent of 0.343762855 troy ounce of silver in U.S. dollar | access-date=2 October 2006}}</ref> Valuation of the rupee based on its silver content had severe consequences in the 19th century, when the strongest economies in the world were on the [[gold standard]]. The discovery of vast quantities of silver in the United States and various European colonies resulted in a decline in the value of silver relative to gold.

At the end of the 19th century, the Indian silver rupee went onto a [[gold exchange standard]] at a fixed rate of one rupee to one shilling and fourpence in British currency, i.e. 15 rupees to 1 [[pound sterling]].

{| class="wikitable sortable"
|-
! Country
! Currency
! Symbol
! [[ISO 4217]]<br>code
! Minor unit
!Rupees per [[United States dollar|U.S. dollar]]<br>(As of 25 September 2024)<ref>{{Cite web |title=Xe: Currency Exchange Rates and International Money Transfer |url=https://www.xe.com/ |access-date=2023-05-15 |website=www.xe.com}}</ref>
! Established
! Preceding currency
|-
| {{flagu| India}}
| [[Indian rupee]]
| ₹
| INR
| [[Indian paisa|Paisa]] = {{frac|100}} rupee
| 83.58
| 1540
| ''no modern predecessor''
|-
| {{flagu| Indonesia}}
| [[Indonesian rupiah]]
|Rp
| IDR
| Sen = {{frac|100}} rupiah
| 15,087.08
| 1949
| [[Netherlands Indies gulden]]
|-
| {{flagu| Maldives}}
| [[Maldivian rufiyaa]]
|''Rf'', MRf, MVR, .ރ or /-
| MVR
| Laari = {{frac|100}} rufiyaa
| 15.41 
| 1945
| [[Sri Lankan rupee|Ceylonese rupee]]
|-
| {{flagu| Mauritius }}
| [[Mauritian rupee]]
|₨, रु
| MUR
| Cent = {{frac|100}} rupee
| 45.87
| 1876
| Indian rupee, [[pound sterling]], [[Mauritian dollar]]
|-
| {{flagu| Nepal }}
| [[Nepalese rupee]]
|रू
| NPR
| Paisa = {{frac|100}} rupee
| 133.80
| 1932
| [[Nepalese mohar]]
|-
| {{flagu| Pakistan }}
| [[Pakistani rupee]]
|₨
| PKR
| Paisa = {{frac|100}} rupee
| 277.97
| 1947
| [[Indian rupee]] (prior to [[Partition of India|partition]])
|-
| {{flagu| Seychelles }}
| [[Seychellois rupee]]
|SR, SRe
| SCR
| Cent = {{frac|100}} rupee
| 13.46
| 1976
| Mauritian rupee
|-
| {{flagu| Sri Lanka }}
| [[Sri Lankan rupee]]
|₨, රු, ௹
| LKR
| Cent = {{frac|100}} rupee
| 303.11
| 1885
| Indian rupee, [[pound sterling]], [[Ceylonese rixdollar]]
|}