Question

Which ruler introduced the silver coin 'rupiya' in 16th century?

Answer 1

Indian rupee is believed to be introduced by Sher Shah Suri.

Answer 2

Sher Shah Suri. The present day Indian Rupee was first introduced in circulation during the Medieval times.

It was made into a silver coin and named as Rupiya during the reign of Sher Shah Suri and continued by all the Mughal rulers.

The history of the Rupee dates back to Ancient India during the 3rd century BC. Ancient India used the Rupee in abundance and was one of the earliest forms of coins in circulation throughout the world.

It was used with the Lydian staters, Chinese wen and several other Middle Eastern coin systems.

The term Rupiya is derived from rupya that is a Sanskrit term used for silver coin. It comes from the Sanskrit word, Rupa, that means beautiful form.