the indian rupee replaced the danish indian rupee in 1845, the french indian rupee in 1954 and the portuguese indian escudo in 1961. following independence in 1947, the indian rupee replaced all the currencies of the previously autonomous states. some of these states had issued rupees equal to those issued by the british (such as the travancore rupee). other currencies included the hyderabad rupee and the kutch kori. the nominal values during british rule (and the first decade of independence) were: