Quick Answer. Lacs are converted to rupees by multiplying the amount of lacs by 100,000, because one lac is equal to 100,000 rupees. In India, Pakistan, Bangladesh, Nepal, Sri Lanka and other countries that use rupees, lacs are often used to count large amounts of currency. Continue Reading. View average monthly exchange rate history for the Indian Rupee against the US Dollar. Invert graph The graph currently shows historical exchange rates for Indian Rupees per 1 US Dollar. Invert the graph to see US Dollars per 1 Indian Rupee. View Data View historical exchange rates for the Indian Rupee against the US Dollar in a tabular format.

• Where To Get Indian Rupees
• 1 Dollars In Rupees

Rupee is the common name for the currencies of India, Pakistan, Indonesia, the Maldives, Mauritius, Nepal, Seychelles, and Sri Lanka, and of former currencies of Afghanistan, Tibet, Burma, British East Africa, German East Africa, the Trucial States, and all Arab states of the Persian Gulf (as the Gulf rupee).

In Indonesia and the Maldives the unit of currency is known as rupiah and rufiyaa respectively, also derived from the Sanskritrūpya. The Indian rupees (₹) and Pakistani rupees (₨) are subdivided into one hundred paise (singular paisa) or pice. The Mauritian, Seychellois, and Sri Lankan rupees subdivide into 100 cents. The Nepalese rupee subdivides into one hundred paisas (both singular and double) or four Sukaas.

• 2History

Etymology[edit]

The word 'rupee' is derived from the Sanskrit term rūpya which means 'wrought silver, a coin of silver',^[1] in origin an adjective meaning 'shapely', with a more specific meaning of 'stamped, impressed', whence 'coin'. It is derived from the noun rūpa 'shape, likeness, image'. The word rūpa is further identified as related to the Tamil root uruppu, which means 'a member of the body'.^[2] Also, the word rūpam is rooted in Tamil as uru(shape) derived from ur (form) which itself is rooted in ul meaning 'appear'.^[3]

Rupiya was first named to a silver coin weighing 178 grains (11.53 g) minted in northern India by Emperor Sher Shah Suri during his brief rule between 1540 and 1545.^[4] Suri also introduced copper coins called dam and gold coins called mohur that weighed 169 grains (10.95 g).^[5]

History[edit]

Sher Shah Suri (1540–1545), inroduced a silver coin called a rupiya, weighing 178 grams. Its used was continued by the Mughal rulers.^[6] The history of the rupee traces back to Ancient India circa 3rd century BC. Ancient India was one of the earliest issuers of coins in the world,^[7] along with the Lydian staters, several other Middle Eastern coinages and the Chinese wen.The term is from rūpya, a Sanskrit term for silver coin,^[8] from Sanskrit rūpa, beautiful form.^[9]

Both the Kabuli rupee and the Kandahari rupee were used as currency in Afghanistan prior to 1891, when they were standardized as the Afghan rupee. The Afghan rupee, which was subdivided into 60 paisas, was replaced by the Afghan afghani in 1925. Fallout 4 pc console commands list.

Until the middle of the 20th century, Tibet's official currency was also known as the Tibetan rupee.^[10]

The Indian rupee was the official currency of Dubai and Qatar until 1959, when India created a new Gulf rupee (also known as the 'external rupee') to hinder the smuggling of gold.^[11] The Gulf rupee was legal tender until 1966, when India significantly devalued the Indian rupee and a new Qatar-Dubai riyal was established to provide economic stability.^[11]

East African Coast and South Arabia[edit]

In East Africa, Arabia, and Mesopotamia, the rupee and its subsidiary coinage was current at various times. The usage of the rupee in East Africa extended from Somalia in the north to as far south as Natal. In Mozambique, the British India rupees were overstamped, and in Kenya, the British East Africa Company minted the rupee and its fractions, as well as pice.

The rise in the price of silver immediately after the First World War caused the rupee to rise in value to two shillings sterling. In 1920 in British East Africa, the opportunity was then taken to introduce a new florin coin, hence bringing the currency into line with sterling. Shortly after that, the florin was split into two East African shillings. This assimilation to sterling did not, however, happen in British India itself. In Somalia, the Italian colonial authority minted 'rupia' to exactly the same standard and called the pice 'besa'.

Straits Settlements[edit]

The Straits Settlements were originally an outlier of the British East India Company. The Spanish dollar had already taken hold in the Straits Settlements by the time the British arrived in the 19th century. The East India Company tried to introduce the rupee in its place. These attempts were resisted by the locals, and by 1867 when the British government took over direct control of the Straits Settlements from the East India Company, attempts to introduce the rupee were finally abandoned.

Denominations[edit]

Formerly, the rupee (11.66 g, .917 fine silver) was divided into 16 annas, 64 paise, or 192 pies. Each circulating coin of British India, until the rupee was decimalised, had a different name in practice. A paisa was equal to two dhelas, three pies, and six damaris. Other coins for two paisas (taka or adhanni), two annas (duanni), four annas (a chawanni, or a quarter of a rupee), eight annas (an athanni, or half a rupee) were widely in use until decimalization in 1961. The names of these coins denote the numeral of their value in annas in Urdu, except taka (two paisas or half an anna). While the word taka was commonly used in East Pakistan (now Bangladesh), alternatively for rupee, the two-paise coin was called a taka in West Pakistan.

Ṭaṅka is an ancient Sanskrit word for money. In India presently (from 2010 onwards), 50 paise coin (half a rupee) is the lowest valued legal tender. Coins of 1, 2, 5, and 10 rupees and banknotes of 5, 10, 20, 50, 100, 200, 500, and 2000 rupees are commonly in use for cash transaction. A taka in West Pakistan was worth two paises while this word was used alternatively for rupee in East Pakistan. After its independence, Bangladesh started to officially call its currency 'taka' (BDT) in 1971.

Early 19th-century East India Company rupees were used in Australia for a limited period. Decimalisation occurred in Ceylon (Sri Lanka) in 1969, in India in 1957, and in Pakistan in 1961. Since 1957 an Indian rupee is divided into 100 paise. The decimalized paisa was originally officially named 'naya paisa' meaning the 'new paisa' to distinguish it from the erstwhile paisa which had a higher value of ​¹⁄₆₄ rupee. The word 'naya' was dropped in 1964 and since then it is simply known as paisa (pl. paise). The issuance of the Indian currency is controlled by the Reserve Bank of India, whereas in Pakistan it is controlled by State Bank of Pakistan. The most commonly used symbol for the rupee is 'Rs'. India adopted a new symbol (₹) for the Indian rupee on 15 July 2010.

In most parts of India, the rupee is known as rupaya, rupaye, or one of several other terms derived from the Sanskrit rūpya, meaning silver. However, in the Bengali and Assamese languages, spoken in Assam, Tripura, and West Bengal, the rupee is known as a taka, and is written as such on Indian banknotes. In Odisha it is known as tanka.

Large denominations of rupees are often counted in lac/lakh (100,000 = 1 lac/lakh, 100 lac/lakh = 1 crore/karor, 100 crore/karor = 1 arab, 100 arab = 1 kharab/khrab, 100 Kharab/khrab = 1 nil/neel, 100 nil/neel = 1 padma, 100 padma = 1 shankh, 100 shankh = 1 udpadha, 100 udpadha = 1 ank). Terms beyond a crore are not generally used in the context of money, e.g. an amount would be called Rs 1 lakh crore (equivalent to 1 trillion) instead of Rs 10 kharab.

Symbol[edit]

The rupee sign “Rs” is a currency sign used to represent the monetary unit of account in Pakistan, Sri Lanka, Nepal, Mauritius, and Seychelles.

The Indian rupee sign is encoded in the Unicode character set at U+20A8 (some fonts, such as Microsoft Sans Serif, instead display the Unicode rupee sign erroneously as “Rp”). It is common to find a prefix before the digits denoting the rupee currency value written as “Re: 1” (for one unit), or “Rs. 140” (for more than one rupee). The rupee sign was also formerly used to represent the Indian rupee, until 15 July 2010, when it was replaced by a new currency symbol, the Indian rupee sign, ₹. The new sign is a combination of the Devanagari letter र (ra) and the Latin capital letter R without its vertical bar (similar to the R rotunda). The parallel lines at the top (with white space between them) are said to be an allusion to the tricolor Indian flag.^[12] and also depict an equality sign that symbolizes the nation's desire to reduce economic disparity.

“Rupee” is abbreviated as Re. (singular)^{[citation needed]}, Rs. (plural), and, in the case of the Indian rupee, ₹ (Indian rupee symbol). The Sri Lankan rupee also uses the symbol “රු”(Ru) in Sinhala.

Value[edit]

The history of the rupees can be traced back to Ancient India around the 6th century BC. Ancient India had some of the earliest coins in the world,^[7] along with the Chinese wen and Lydian staters.The rupee coin has been used since then, even during British India, when it contained 11.66 g (1 tola) of 91.7% silver with an ASW of 0.3437 of a troy ounce^[13] (that is, silver worth about US$10 at modern prices).^[14] At the end of the 19th century, the Indian silver rupee went onto a gold exchange standard at a fixed rate of one rupee to one shilling and fourpence in British currency, i.e. 15 rupees to 1 pound sterling.

Valuation of the rupee based on its silver content had severe consequences in the 19th century, when the strongest economies in the world were on the gold standard. The discovery of vast quantities of silver in the United States and various European colonies resulted in a decline in the value of silver relative to gold.

See also[edit]

• Rupee (The Legend of Zelda), a fictional currency

References[edit]

1. ^'Etymology of rupee'. etymonline.com. 20 September 2008. Retrieved 20 September 2008.
2. ^Robert Caldwell. 'A comparative grammar of the Dravidian or South-Indian family of languages'.Missing or empty url= (help) The book states: Tamil noun uruppu, a member of the body, the body itself, a form — e.g., the sign of a case is called the uruppu of the case. Dr. Gundert does not doubt that the Sanskrit rūpa is derived from this Dravidian uruppu, even though uruppu may be a tadbhava of rūpa. -- archive.org.
3. ^Devaneya Pavanar (January 2002). A Comprehensive Etymological Dictionary of the Tamil Language. Directorate of Tamil Etymological Dictionary Project,Government of Tamil Nadu (India), W-605, Anna Nagar Western Extension, Madras 600 101. p. உ.94.
4. ^Picture of original Mughal rupiya introduced by Sher Shah SuriArchived 16 May 2008 at the Wayback Machine
5. ^Mughal CoinageArchived 16 May 2008 at the Wayback Machine at RBI Monetary Museum. Retrieved 4 May 2008.
6. ^'Mughal Coinage'. Archived from the original on 5 October 2002. Sher Shah issued a coin of silver which was termed the Rupiya. This weighed 178 grains and was the precursor of the modern rupee. It remained largely unchanged till the early 20th Century
7. ^ ^abSubodh Kapoor (January 2002). The Indian encyclopaedia: biographical, historical, religious .., Volume 6. Cosmo Publications. p. 1599. ISBN81-7755-257-0.
8. ^Turner, Sir Ralph Lilley (1985) [London: Oxford University Press, 1962–1966.]. 'A Comparative Dictionary of the Indo-Aryan Languages'. Includes three supplements, published 1969–1985. Digital South Asia Library, a project of the Center for Research Libraries and the University of Chicago. Retrieved 26 August 2010. rū'pya 10805 rū'pya 'beautiful, bearing a stamp' ; 'silver'
9. ^Turner, Sir Ralph Lilley (1985) [London: Oxford University Press, 1962–1966.]. 'A Comparative Dictionary of the Indo-Aryan Languages'. Includes three supplements, published 1969–1985. Digital South Asia Library, a project of the Center for Research Libraries and the University of Chicago. Retrieved 26 August 2010. rūpa 10803 'form, beauty'
10. ^Theodore Roosevelt; Kermit Roosevelt (1929). 'Trailing the giant panda'. Scribner. .. The currency in general use was what was known at the Tibetan rupee ..
11. ^ ^abRichard F. Nyrop (2008). Area Handbook for the Persian Gulf States. Wildside Press. ISBN1-4344-6210-2. .. The Indian rupee was the principal currency until 1959, when it was replaced by a special gulf rupee to halt gold smuggling into India ..
12. ^'Indian Rupee Joins Elite Currency Club'. Theworldreporter.com. 17 July 2010.
13. ^Krause, Chester L.; Clifford Mishler (2004). Standard Catalog of World Coins: 1801–1900. Colin R. Bruce II (senior editor) (4th ed.). Krause Publications. ISBN0873497988.
14. ^'Equivalent of 0.343762855 troy ounce of silver in U.S. dollar'. xe.com. 2 October 2006. Retrieved 2 October 2006.

Sources and external links[edit]

• Chisholm, Hugh, ed. (1911). 'rupee' . Encyclopædia Britannica (11th ed.). Cambridge University Press.

How much rupees is 60 dollars?

60 U.S. dollars = 1 790.99131 Mauritian rupees on 08/08/2010 5:43 PM

What is the value of 1 riyal in Pakistani rupees?

the value of 1 riyal in pakistani rupees is 150 or 60 rs.

A man sold a watch for rupees 60 and lost something Had he sold it for rupees 75 his gain would have been double the former loss Find the cost price of the watch?

60 - x = -y 75 - x = 2y The cost of the watch is 65 rupees

Which currency is used in Moldova?

The Moldovan Leu, which consists of 100 bani. The Moldovan Leu, which consists of 100 bani. The Moldovan Leu, which consists of 100 bani. The Moldovan Leu, which consists of 100 bani. The Moldovan Leu, which consists of 100 bani. The Moldovan Leu, which consists of 100 bani. The Moldovan Leu, which consists of 100 bani. The Moldovan Leu, which consists of 100 bani. The Moldovan Leu, which consists of 100 bani. The Moldovan Leu… Read More

What is Romania bani?

Romanian currency is Leu; 1 Leu = 100 bani. Bani exist now only as coins: 1, 5, 10, 50 bani. Coins of 1, 5, 19 bani practically hasn't value.

What is the capital of bani walid?

Bani Walid is a town in Lybia and does not have a capital.

What is Bani Hushaysh District's population?

The population of Bani Hushaysh District is 73,957.

What is the value of 1 Euro to Indian Rupee?

Depends where you exchange. Expect 60 - 65 rupees to euro.

How much dollars is Rs 6 crore?

60 Million 60million rupees or 1.33million USD approximately

What is the value of 1 American dollar today?

The value of the American dollar is constantly fluctuating. In Euro the value of one dollar is three-quarters of an euro. In rupees, one dollar is worth 60 rupees.

How much is bani in Romanias currency?

1 leu = 100 bani Today, 18.04.2011, 1 US $ = 2,88 lei; 1 US cent = 2,9 bani.

What is the population of Bani Al Harith District?

The population of Bani Al Harith District is 184,509.

What is the area of Qarawat Bani Zeid?

The area of Qarawat Bani Zeid is 8,000,000.0 square meters.

What is the area of Majdal Bani Fadil?

The area of Majdal Bani Fadil is 28,000 square kilometers.

1 dallor is equal to how many rupees?

Where To Get Indian Rupees

As of June 2014, 1 US Dollar is equal to approximately 60 Indian Rupees. This value changes constantly throughout the day as the exchange rate is adjusted for economic conditions.

1 Dollars In Rupees

What has the author Bani Banerjee written?

Bani Banerjee has written: 'Surendranath Banerjea and history of modern India'