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The Indian numbering system is used in Indian English and the Indian subcontinent to express large numbers. Commonly used quantities include lakh (one hundred thousand) and crore (ten million) – written as 1,00,000 and 1,00,00,000 respectively in some locales . [ 1 ]
This is a list of tables showing the historical timeline of the exchange rate for the Indian rupee (INR) against the special drawing rights unit (SDR), United States dollar (USD), pound sterling (GBP), Deutsche mark (DM), euro (EUR) and Japanese yen (JPY). The rupee was worth one shilling and sixpence in sterling in 1947.
Officially, the Indian rupee has a market-determined exchange rate. However, the Reserve Bank of India trades actively in the USD/INR currency market to impact effective exchange rates. Thus, the currency regime in place for the Indian rupee with respect to the US dollar is a de facto controlled exchange rate.
Template calculates a value of Indian Rupees, which you can enter, to another currency and then presents the results. Template parameters [Edit template data] This template prefers inline formatting of parameters. Parameter Description Type Status Rupee value 1 The value, in Indian Rupees, that needs to be converted. The template will not accept pre-formatted values (i.e. 1,234). Example ...
Choosing U.S. dollars triggers dynamic currency conversion, which might seem convenient since you’ll see the exact in a familiar currency. However, with a 12 percent DCC fee, you’ll pay an ...
The purpose of this template is to automatically convert and format currency applying adjustment for inflation where appropriate. Rates of exchange and inflation must be manually copied by editors in the supporting templates therefore this template's output does not necessarily reflect the present exchange rates or price indices but, rather, reflects the rates and indices at the time of the ...
Crore (/ k r ɔːr /; abbreviated cr) denotes the quantity ten million (10 7) and is equal to 100 lakh in the Indian numbering system. In many international contexts, the decimal quantity is formatted as 10,000,000, but when used in the context of the Indian numbering system, the quantity is usually formatted 1,00,00,000.
The spot exchange rate is the current exchange rate, while the forward exchange rate is an exchange rate that is quoted and traded today but for delivery and payment on a specific future date. In the retail currency exchange market, different buying and selling rates will be quoted by money dealers. Most trades are to or from the local currency.