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base info Internet Computer

Internet Computer to Indian Rupee Converter and calculator

Convert 1Internet Computer (ICP) to Indian Rupee (INR) equals ₹ 1,000.24 | Bitget

INR information

About the Indian Rupee (INR)

What Is the Indian Rupee (INR)?

The Indian Rupee, designated by the ISO code INR, is the official currency of the Republic of India. The term 'rupee' is derived from the Sanskrit word 'rupyakam,' meaning a silver coin. The Indian Rupee got its symbol (₹) in 2010, which is a blend of the Devanagari 'Ra' and the Roman capital 'R' without its vertical bar. The Indian Rupee is the sole legal tender in India, and it is used for all transactions within the country.

The Indian Rupee is issued by the Reserve Bank of India (RBI), which is the central bank of India. The RBI is responsible for the regulation and management of the Indian currency and monetary policy. It oversees the issuance and supply of the rupee, ensuring stability and integrity in the country's financial system. The RBI also implements measures to combat counterfeiting and manages the currency's design and denominations.

What Is the History of INR?

The Coinage Act of 1835 standardized coinage in India, introducing coins bearing the effigy of William IV and later Queen Victoria. The rupiya, originally a silver coin, faced devaluation against gold during the 19th century due to the discovery of large silver reserves in Europe and the U.S. During World War II, the regular rupee was replaced with Quaternary Silver Alloy, and post-independence in 1947, India continued using the existing currency until the adoption of its constitution in 1950. In 1957, India introduced a decimal currency system, dividing the rupee into 100 paise.

Notes and Coins of INR

The current series of Indian currency includes notes of various denominations such as 10, 20, 50, 100, 200, 500, and 2000 INR. Each denomination has its unique color scheme and design elements, making them easily distinguishable. The coins, ranging from smaller denominations like 1, 2, 5, and 10 rupees, are minted in various metals and also feature emblematic designs representing India's cultural and historical ethos..

Economic Impact and Exchange Rate Management

The demonetization in 2016 aimed to disrupt the underground economy and curb the financing of illegal activities. This move led to the issuance of new 500 and 2000 INR notes in the Mahatma Gandhi New Series. The RBI's strategy does not peg the INR to a specific foreign currency, but instead aims to reduce exchange rate volatility through market interventions. This policy reflects a preference for a stable yet flexible exchange rate system, adapting to global economic dynamics.

What Is Digital Rupee?

The Digital Rupee, also known as e₹ or eINR, is a digital version of the Indian Rupee, issued by the Reserve Bank of India (RBI) as a central bank digital currency (CBDC). Launched in December 2022, it utilizes blockchain distributed-ledger technology for secure transactions. The Digital Rupee is uniquely identifiable and regulated by the RBI, ensuring its reliability as legal tender. It is designed to be accessible both online and offline, catering to a wide range of financial transactions. The RBI has introduced two versions: the Digital Rupee for Wholesale (e₹-W) for interbank settlements and the Digital Rupee for Retail (e₹-R) for consumer and business transactions. This initiative aims to reduce the costs associated with physical currency, enhance transaction efficiency, and support India's growing digital economy. Unlike cryptocurrencies, the Digital Rupee is a sovereign currency, backed by the RBI, and holds the same value as its physical counterpart.

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Bitget crypto-to-fiat exchange data shows that the most popular Internet Computer currency pair is the ICP to INR, with for Internet Computer's currency code being ICP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for INR.

ICP to INR conversion rate trend

1D7D1M3M1YAll
In the past 1D, Internet Computer has changed -8.14% to INR. Based on the trend and price charts, Internet Computer(ICP) has changed -8.14% to INR while Indian Rupee(INR) has changed % to ICP in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₹986.31
0.0001% / 0.0004%vip-iconVIP
Binance
₹984.28
0.1000% / 0.1000%
Yes
Coinbase Exchange
₹982.61
0.1000% / 0.1000%
Yes
OKX
₹984.53
0.080% / 0.100%
Yes
Huobi
₹982.61
0.1000% / 0.1000%
Yes
Gate.io
₹984.03
0.1000% / 0.1000%
Yes
Bybit
₹984.75
0.1000% / 0.1000%
Yes
KuCoin
₹982.95
0.1000% / 0.1000%
Yes
Bitfinex
₹983.7
0.1000% / 0.1000%
Yes
Last updated 2024/04/16 14:00:31(UTC+0)

What factors influence the conversion rate of Internet Computer to Indian Rupee?

Internet Computer to Indian Rupee is falling this week.
Internet Computer's current market price is ₹ 1,000.24 per ICP, with a total market cap of ₹ 462,827,409,024.45 INR based on a circulating supply of 462,717,570 ICP. The trading volume of Internet Computer has changed by +2.60% (₹ 414,573,719.33 INR) in the last 24 hours. Last trading day, ICP's trading volume was ₹ 15,967,251,553.48.
Market cap
$5.54B
24h volume
$196.06M
Circulating supply
462.72M ICP

Conversion tables

The exchange rate of Internet Computer is decreasing.
1 ICP is currently valued at ₹ 1,000.24 INR , which means buying 5 ICP will cost ₹ 5,001.19 INR . Similarly, ₹1 INR can be traded for 0.0009998 ICP, and ₹50 INR can be converted to 0.04999 ICP, excluding any platform or gas fees.
The exchange rate of 1 ICP to Indian Rupee has changed by -27.74% in the last 7 days. In the last 24 hours, the rate has fluctuated by -8.14%, reaching a high of 1,086.52 INR and a low of 986.25 INR . One month ago, the value of 1 ICP was ₹ 1,047.68 INR , which represents a -4.54% change from its current value. Over the last year, Internet Computer has changed by
+
80.9INR
, resulting in a change of +99.80% in its value.

ICP to INR

Amount
14:48 today
0.5 ICP
500.12
1 ICP
1,000.24
5 ICP
5,001.19
10 ICP
10,002.37
50 ICP
50,011.87
100 ICP
100,023.74
500 ICP
500,118.69
1000 ICP
1,000,237.38

INR to ICP

Amount14:48 today
0.5INR0.0004999  ICP
1INR0.0009998  ICP
5INR0.004999  ICP
10INR0.009998  ICP
50INR0.04999  ICP
100INR0.09998  ICP
500INR0.4999  ICP
1000INR0.9998  ICP
share

Today vs. 24 hours ago

Amount14:48 today24 hours ago24h change
0.5 ICP$5.99$6.51
-8.14%
1 ICP$11.97$13.03
-8.14%
5 ICP$59.85$65.15
-8.14%
10 ICP$119.71$130.3
-8.14%
50 ICP$598.55$651.48
-8.14%
100 ICP$1,197.09$1,302.97
-8.14%
500 ICP$5,985.47$6,514.84
-8.14%
1000 ICP$11,970.93$13,029.67
-8.14%

Today vs. 1 month ago

Amount14:48 today1 month ago1M change
0.5 ICP$5.99$6.27
-4.54%
1 ICP$11.97$12.54
-4.54%
5 ICP$59.85$62.69
-4.54%
10 ICP$119.71$125.39
-4.54%
50 ICP$598.55$626.94
-4.54%
100 ICP$1,197.09$1,253.87
-4.54%
500 ICP$5,985.47$6,269.37
-4.54%
1000 ICP$11,970.93$12,538.74
-4.54%

Today vs. 1 year ago

Amount14:48 today1 year ago1Y change
0.5 ICP$5.99$3
+99.80%
1 ICP$11.97$6
+99.80%
5 ICP$59.85$30.01
+99.80%
10 ICP$119.71$60.03
+99.80%
50 ICP$598.55$300.14
+99.80%
100 ICP$1,197.09$600.27
+99.80%
500 ICP$5,985.47$3,001.37
+99.80%
1000 ICP$11,970.93$6,002.75
+99.80%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.