Generally, large denominations are the most forged bills. Over the years, RBI was compelled to change and upgrade INR notes with new security features. In ancient times it was called so because it was denominated in terms of weight and one rupya weighed 113 grams as against 62 grams for an average silver coin of that period.īefore the demonetization of ₹ 500 and ₹ 1000 notes, the country’s economy used to be cash-based, resulting in the circulation of counterfeit currencies by those involved in criminal activity. The name "rupee" is a derivation of the Sanskrit word rupya which means "image".
The Indian Rupee is the official currency of India.
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