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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.
In India, due to a numeral system using lakhs (lacs) (1,23,456 equal to 123,456) and crores (1,23,45,678 equal to 12,345,678), a comma is used at levels of thousand, lakh, and crore. For example, 10 million (1 crore) would be written as 1,00,00,000. In Pakistan, there is a greater tendency to use the standard western system, while using the ...
The spot date is day T+1 if the currency pair [1] is USD/CAD, USD/TRY, USD/PHP or USD/RUB. In this case, T+1 must be a business day and not a US holiday. If an unacceptable day is encountered, move forward one day and test again until an acceptable date is found. The spot date is day T+2 otherwise. The calculation of T+2 must be done by ...
The PSPC began issuing its own 1- and 5-rupee notes in the fiscal year 1952-53. [4] These notes resembled those previously produced by Thomas de la Rue & Company, but the 1-rupee note featured a notable change: a blue back without under-print, different from the purple back of the British versions. This new design was circulated on 31 January ...
Rupee (UK: / ˌ r uː ˈ p iː /, US: / ˈ r uː p iː /) [1] [2] is the common name for the currencies of India, Mauritius, Nepal, Pakistan, Seychelles, and Sri Lanka, and of former currencies of Afghanistan, Bahrain, Kuwait, Oman, the United Arab Emirates (as the Gulf rupee), British East Africa, Burma, German East Africa (as Rupie/Rupien ...
Purchasing power parity (PPP) [1] is a measure of the price of specific goods in different countries and is used to compare the absolute purchasing power of the countries' currencies. PPP is effectively the ratio of the price of a market basket at one location divided by the price of the basket of goods at a different location.
For example: 150,000 rupees is "1.5 lakh rupees" which can be written as "1,50,000 rupees", and 30,000,000 (thirty million) rupees is referred to as "3 crore rupees" which is can be written as "3,00,00,000 rupees". There are names for numbers larger than crore, but they are less commonly used.
Metrication, or the conversion to a measurement system based on the International System of Units (SI), occurred in India in stages between 1955 and 1962. The metric system in weights and measures was adopted by the Indian Parliament in December 1956 with the Standards of Weights and Measures Act, which took effect beginning 1 October 1958.