The term "rupee" refers to the official currency used in several countries, including India, Pakistan, Nepal, and Indonesia. It is typically abbreviated as "INR" in India and is subdivided into 100 smaller units called paise. The currency is used for a variety of transactions, including buying goods and services, and is a key component of the economy in countries that utilize it.
The word "rupee" originates from the Sanskrit word "rūpya," which means "wrought silver" or "a coin of silver." It has been adopted into several languages and has evolved over time through the influence of various cultures, including Persian and Arabic.