Paisatava

Paisatava, also known as the Indian rupee, is the official currency of India. It is subdivided into 100 paise, although the use of paise as a unit of currency has been discontinued since 2010. The paisatava is issued by the Reserve Bank of India, which is the central bank of the country. The currency comes in various denominations, including coins and banknotes, with the most common denominations being 1, 2, 5, 10, 20, 50, 100, 200, 500, and 2000 paisatava. The paisatava is widely accepted across India and is used for all transactions, including retail, wholesale, and government activities. The symbol for the paisatava is "₹", which is derived from the Devanagari letter "र" (ra). The paisatava is one of the most traded currencies in the world and is a key component of the global foreign exchange market. The paisatava is also used in the Indian stock market, where it is traded as a derivative instrument. The paisatava is a fiat currency, meaning that its value is determined by government policy and is not backed by a physical commodity. The paisatava is an important part of the Indian economy and plays a crucial role in the country's financial system.