The rupee, there is a long history and thousands of years’ story. In India, the history starts from the 6th century BC. Ephesus, the greatest temple of Artemis has provides some valid proof for the earliest coins known from the ancient world. They provided some temple coins for the purpose of worship their gods. This is the valid evidence of the ancient coins.Form the middle east, ancient Indians were the first issuers of coins of the world along with the Chinese and Lydians. The first ancient Indian coins were minted the Republic kingdom by the Mahajanapathas in the sixth century BC, and these punch-marked coins are called Puranas, Karshapanas.
These coins are different markings and irregular shapes and made with the silver of a standard weight.Then the came of Mauryas, they punch-marked their coins with a royal standard. The treatise Arthashastra mentioned the minting of coins, such as gold coins ( suvarnarupa ), silver coins ( rupayarupa ), copper coins ( tamararupa ), and lead coins ( sisarupa ).Then the came of Indo-Greek Kushan kings, they established the greek custom of carvings on coins. The coins of the Kushan empire influenced a large number of tribes, provinces, and empires. So they start issuing their own coins.
One side of the Kushan coins had the diademed, helmeted bust of the king on and the favorite god in another side.
The Gupta Empire kings created a huge number of gold coins showing the performing various custom. The Gupta coins have shown, with their many diversity, and inscriptions in Sanskrit. And these coins are one of the finest coins in Indian history.
The 12th century AD is the main deviation of the Indian monetary system. Because the Turkish sultans of Delhi, they provided new face in coins. And they had replaced the royal designs of Indian kings with Islamic calligraphy. The Delhi sultanate provided a standardize the monetary system and issued coins of different values.
In 1526 AD the Mughal Empire, the monetary system was modified and consolidated. After defeating the Humayun, Sher Sha Suri issued new silver coins. And which is called rupaiya. And this silver coins used during the remaining Mughal period.
Sher sha silver rupaiya became the popular standard currency in the country. In the 1600s, the beginning of the British East India company many attempts to introduce the shearling pound in India. But all attempts failed and rupaiya grew in popularity. And at last, the British company exported these coins and use this coins in other British colonies.