Nevas Vijay

Tracing the Evolution of Colonial Currency to Global Player

The early days of the Indian Rupee: From colonial currency to independent nation's money The Indian Rupee was introduced by the British East India Company as a means of trade and commerce during colonial era. The Rupee's value and stability were heavily influenced by the British government's monetary policies, and it was pegged to the British pound, which led to fluctuations in its value. With India's independence in 1947, the Rupee became the official currency of the newly formed nation and government took measures to stabilize the rupee's value and also introduced new denominations of paper money.