The term "INR" stands for Indian Rupee, which is the official currency of India. It is abbreviated as ₹ and is used for all financial transactions within the country. The Reserve Bank of India (RBI) is responsible for issuing and regulating the currency, ensuring its stability and availability in the economy. INR is also used in international trade and finance, where it can be exchanged for other currencies. The value of the Indian Rupee fluctuates based on various factors, including economic conditions, inflation rates, and market demand. It plays a crucial role in India's economic landscape.