The is a denomination of the Indian rupee. The present ₹50 banknote in circulation is a part of the Mahatma Gandhi New Series of banknotes. However, ₹50 banknotes of the previous series will continue to be legal tender.
Image: India Fifty Rupees note
Image: India new 50 INR, MG series, 2018, reverse
India 50 INR, MG series, 2011, obverse
India 50 INR, MG series, 2011, reverse
The Indian rupee is the official currency in India. The rupee is subdivided into 100 paise. The issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank manages currency in India and derives its role in currency management based on the Reserve Bank of India Act, 1934.
Indian rupee
Silver punch mark coin of the Maurya empire, known as Rūpyarūpa, 3rd century BCE.
Silver coin of Skandagupta of Gupta Empire known as Rūpaka(रूपक) in Sanskrit, in the style of the Western Satraps, with peacock on reverse, 455-467
Rupiya issued by Sher Shah Suri, 1540–1545