ભારત નાં ભાગલાનીં સાથે પાકિસ્તાની રૂપિયો અસ્તિત્વમાં આવ્યો,પહેલાનાં સમયમાં ભારતીય રૂપિયો દુનિયાનાં ઘણા દેશોનું માન્ય ચલણ હતું જેવાકે એડન, ઓમાન, કુવૈત, બેહરીન, કતાર, the Trucial States, કેન્યા, Tanganyika, યુગાન્ડા, the Seychelles, and Mauritius વગેરે.

The Indian government introduced the Gulf rupee, also known as the Persian Gulf rupee (XPGR), as a replacement for the Indian rupee for circulation exclusively outside the country with the Reserve Bank of India [Amendment] Act, 1 May 1959. This creation of a separate currency was an attempt to reduce the strain put on India's foreign reserves by gold smuggling. After India devalued the rupee on 6 June 1966, those countries still using it – Oman, Qatar, and the Trucial States (which became the United Arab Emirates in 1971) – replaced the Gulf rupee with their own currencies. Kuwait and Bahrain had already done so in 1961 and 1965 respectively.

The Bhutanese ngultrum is pegged at par with the Indian rupee, and both currencies are accepted in Bhutan. The Indian rupee is also accepted in towns in Nepal which lie near the border with India.

Independent issues since 1949
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