AUD to INR Exchange Rate

The lowdown on the Indian rupee  

Ancient Indians were some of the earliest adopters of coins, and the first to be minted were in the 6^th century BC by the Mahajanapadas (republic kingdoms) of ancient India.

Hundreds of years later, in 1526 AD, a new era in India began with the start of the Mughal Empire, and the introduction of a more unified and sophisticated monetary system. Sher Shah Suri set up a new civic and military administration, and issued a silver coin named the rupiya, which translates into English as ‘wrought silver, a coin of silver.’

Coin production continued in the 20^th century as the British Empire began to colonise the country. In August 1950, three years after the country gained independence, the portrait of the British King George VI was replaced with an engraving of Ashoka’s Lion Capital of Sarnath and the Republic of India’s first coinage was coined.

1957 ushered in the introduction of a decimal series, and the rupee was divided into 100 paisa instead of 16 annas. The coins came in 1, 2,5 and 10 denominations and were all shaped differently in order to assist the blind.

In 1996, the Reserve Bank of India introduced the Gandhi Series of banknotes, and the iconic leader and civil rights pioneer has adorned every new note issued since. The reverse of the various notes pay tribute to Indian wildlife, history, and agriculture, featuring everything from elephants and tigers to a tractor and an oil rig.

Historic Australian dollar to Indian rupee rates

The Australian dollar to Indian rupee rate remained stable between 2015 and 2017, fluttering between a high of 52.01 and a low of 45.89. But, jumping back to the decade prior tells a different story: on October 28th 2008 the rate dipped to 30.20, which is its lowest in the past 10 years and less than half of the decade’s highest rate, which was 61.73 – seen in September 2013.

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