Indian Rupee to Euro — exchange rate

The Indian rupee (international symbol s:₹ , Re, Rs (plural), code: INR, number: 356) is the national currency of India. Bhutan, Nepal and some other Asian countries use the currency unofficially. The Indian rupee is measured in paisa.

The current INR has 100 paisa. The currency was issued in 1845, and replaced the Danish Indian rupee. However, the currency with the same name had been used before that. First mentions of this unit go back to the 6th century BC. This fact makes INR one of the most ancient currencies of the world. The word “rupee” is translated as “made of silver”.

The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.

Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.