The Mauritian rupee (MUR) is the official currency of Mauritius, an island nation located in the Indian Ocean. It was introduced in 1876, replacing the Mauritian dollar. The currency is subdivided into 100 cents and is issued by the Bank of Mauritius. The symbol for the Mauritian rupee is "Rs" or "₨," and it is used in various denominations of banknotes and coins. The exchange rate of the Mauritian rupee fluctuates against other currencies, influenced by factors such as tourism, trade, and economic conditions in Mauritius and globally.