Odyssey of the Rupee

From India to the world

On 15 August 1950, the first rupee coin of the Indian Republic was launched, bearing the national emblem of the Lion Capital of Sarnath. In 2025, we opened the doors to a landmark exhibition to mark the 75th anniversary of this event. For this edition of Spotlight, we illustrate some milestones along a 500-year journey that saw the rupee transform from a denomination of the Delhi Sultanate to an idea that travelled three continents, and shaped the history of many nations besides our own. We also throw a glance back at the mosaic of ancient and medieval Indian currencies that paved the way for this monetary innovation.