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Shiba Inu to Indian Rupee Converter and calculator

Convert 1Shiba Inu (SHIB) to Indian Rupee (INR) equals ₹ 0.002253 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Shiba Inu(SHIB) to Indian Rupee(INR). This is the real-time data. The current conversion shows 1 SHIB at a value of 1 SHIB for 0.00 INR . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

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 Shiba Inu currency pair is the SHIB to INR, with for Shiba Inu's currency code being SHIB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for INR.

SHIB to INR conversion rate trend

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In the past 1D, Shiba Inu has changed +16.98% to INR. Based on the trend and price charts, Shiba Inu(SHIB) has changed +16.98% to INR while Indian Rupee(INR) has changed % to SHIB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₹0.002243
0.0001% / 0.0004%vip-iconVIP
Binance
₹0.002245
0.1000% / 0.1000%
Yes
Coinbase Exchange
₹0.002243
0.1000% / 0.1000%
Yes
Kraken
₹0.002241
0.1000% / 0.1000%
Yes
OKX
₹0.002244
0.080% / 0.100%
Yes
Huobi
₹0.002244
0.1000% / 0.1000%
Yes
Gate.io
₹0.002245
0.1000% / 0.1000%
Yes
Bybit
₹0.002245
0.1000% / 0.1000%
Yes
KuCoin
₹0.002244
0.1000% / 0.1000%
Yes
Bitfinex
₹0.002228
0.1000% / 0.1000%
Yes
Last updated 2024/04/21 02:00:37(UTC+0)

What factors influence the conversion rate of Shiba Inu to Indian Rupee?

Shiba Inu to Indian Rupee is rising this week.
Shiba Inu's current market price is ₹ 0.002253 per SHIB, with a total market cap of ₹ 1,327,506,118,615.76 INR based on a circulating supply of 589,289,440,000,000 SHIB. The trading volume of Shiba Inu has changed by +56.87% (₹ 29,321,793,005.81 INR) in the last 24 hours. Last trading day, SHIB's trading volume was ₹ 51,557,339,096.81.
Market cap
$15.92B
24h volume
$970.12M
Circulating supply
589.29T SHIB

Conversion tables

The exchange rate of Shiba Inu is increasing.
1 SHIB is currently valued at ₹ 0.002253 INR , which means buying 5 SHIB will cost ₹ 0.01126 INR . Similarly, ₹1 INR can be traded for 443.91 SHIB, and ₹50 INR can be converted to 22,195.36 SHIB, excluding any platform or gas fees.
The exchange rate of 1 SHIB to Indian Rupee has changed by +27.52% in the last 7 days. In the last 24 hours, the rate has fluctuated by +16.98%, reaching a high of 0.002264 INR and a low of 0.001889 INR . One month ago, the value of 1 SHIB was ₹ 0.002221 INR , which represents a +1.43% change from its current value. Over the last year, Shiba Inu has changed by
+
0.001391INR
, resulting in a change of +162.15% in its value.

SHIB to INR

Amount
02:18 am today
0.5 SHIB
0.001126
1 SHIB
0.002253
5 SHIB
0.01126
10 SHIB
0.02253
50 SHIB
0.1126
100 SHIB
0.2253
500 SHIB
1.13
1000 SHIB
2.25

INR to SHIB

Amount02:18 am today
0.5INR221.95  SHIB
1INR443.91  SHIB
5INR2,219.54  SHIB
10INR4,439.07  SHIB
50INR22,195.36  SHIB
100INR44,390.71  SHIB
500INR221,953.55  SHIB
1000INR443,907.11  SHIB
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Today vs. 24 hours ago

Amount02:18 am today24 hours ago24h change
0.5 SHIB$0.{4}1351$0.{4}1155
+16.98%
1 SHIB$0.{4}2702$0.{4}2310
+16.98%
5 SHIB$0.0001351$0.0001155
+16.98%
10 SHIB$0.0002702$0.0002310
+16.98%
50 SHIB$0.001351$0.001155
+16.98%
100 SHIB$0.002702$0.002310
+16.98%
500 SHIB$0.01351$0.01155
+16.98%
1000 SHIB$0.02702$0.02310
+16.98%

Today vs. 1 month ago

Amount02:18 am today1 month ago1M change
0.5 SHIB$0.{4}1351$0.{4}1332
+1.43%
1 SHIB$0.{4}2702$0.{4}2664
+1.43%
5 SHIB$0.0001351$0.0001332
+1.43%
10 SHIB$0.0002702$0.0002664
+1.43%
50 SHIB$0.001351$0.001332
+1.43%
100 SHIB$0.002702$0.002664
+1.43%
500 SHIB$0.01351$0.01332
+1.43%
1000 SHIB$0.02702$0.02664
+1.43%

Today vs. 1 year ago

Amount02:18 am today1 year ago1Y change
0.5 SHIB$0.{4}1351$0.{5}5167
+162.15%
1 SHIB$0.{4}2702$0.{4}1033
+162.15%
5 SHIB$0.0001351$0.{4}5167
+162.15%
10 SHIB$0.0002702$0.0001033
+162.15%
50 SHIB$0.001351$0.0005167
+162.15%
100 SHIB$0.002702$0.001033
+162.15%
500 SHIB$0.01351$0.005167
+162.15%
1000 SHIB$0.02702$0.01033
+162.15%

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.