The Rupee has several nicknames such as the Taaka, the Rupayya, the Rūbāi, and Athanni. The currency code is the INR, and the symbol is ₹. The Reserve Bank of India (Central Bank) manages this coin and determines the exchange rates for them. There have been some decisions made by the country to reduce illegal cash holdings, so they eliminated banknotes of 500 and 1000.
Can I deposit Indian Rupees at Online Casinos?
I wouldn’t say this is a highly popular currency offered by online casinos these days. But looking at the number of people living in India, it would be a no brainer not to provide the option. Also, we can think that the entire population of 1,3 billion is a potential market to play, we need to subtract various factors that would still mean a substantial amount to make it worth it. The government has also placed certain obstacles for casinos to be able to offer their services.
In conclusion, Indian Rupees are an excellent addition to have at any online casino. There is lots of potential and chance of growth for any brand who partakes in this. However, they should be wary when accepting or not players residing in India. We have come up with a list of online casinos that do provide this for Indian players. Benefiting them from having to pay exchange rate costs for switching from their domestic currency over to a foreign currency.
We hope you have learned a bit more about Indian Rupees and the country of India. If you would like a full list of currencies in online casinos, please click here.