india was not affected by the imperial order-in-council of 1825 that attempted to introduce the british sterling coinage to the british colonies. british india at that time was controlled by the british east india company. the silver rupee continued as the currency of india throughout the entire period of the british raj and beyond. in 1835, british india set itself firmly upon a mono-metallic silver standard based on the rupee. his decision was influenced by a letter, written in the year 1805, by lord liverpool that extolled the virtues of mono-metallism.