From where does India’s currency, the Rupee, get its name
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Silver Coin.
In Sanskrit language, silver is called Rupay. The Indian Rupee borrows its name from the ancient silver coin, Rupay or Rupya that was made with 11.83 grams of silver and used as common currency in various kingdoms and territories.
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Explanation:
The word 'rupee' has been derived from the Sanskrit word rupyakam, meaning a silver coin. It owes its origin to rupiya, issued by Sher Shah Suri in 1540-45. Today, the Reserve Bank of India issues currency under the RBI Act
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