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From 1833 the rupee and tolā weight was fixed at 180 grains, i.e. 11.66382 grams. Hence the weight of 1 maund increased to 37.324224 kilogram. [3] Traditionally one maund represented the weight unit for goods which could be carried over some distance by porters or pack animals.
[1] [5] The first rupee (Urdu: رپيا; rupayā), minted by Sher Shah Suri (1540–45), had a mass of 178 troy grains, or about 1% less than the British tola. [6] The British East India Company issued a silver rupee coin of 180 troy grains, and this became the practical standard mass for the tola well into the 20th century. [7] A set of tolas
A weight printer manufactured by Pooley & Son weighing machines.F.C.G.O.A. Villa María, Córdoba, Argentina. The company was absorbed into W & T Avery. [1] An example of the company's weighing machines can be found on Platform 2 of Ipswich railway station in Suffolk. There is also a luggage weighing scale made by Pooley on the railway station ...
India uses changes in the CPI to measure its rate of inflation. The WPI measures the price of a representative basket of wholesale goods. In India, this basket is composed of three groups: Primary Articles (22.62% of total weight), Fuel and Power (13.15%) and Manufactured Products (64.23%).
[320] [321] India has retail market worth $1.17 trillion, which contributes over 10% of India's GDP. It also has one of the world's fastest growing e-commerce markets. [322] The e-commerce retail market in India was valued at $32.7 billion in 2018, and is expected to reach $71.9 billion by 2022. [323]
The Indian government introduced the Gulf rupee as a replacement for the Indian rupee for circulation outside the country with the Reserve Bank of India (Amendment) Act of 1 May 1959. [105] The creation of a separate currency was an attempt to reduce the strain on India's foreign reserves from gold smuggling.
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. [14] 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 ...
India continues to be vulnerable to effects of global commodity prices, particularly the price of crude oil. The long-term effects include a heightened vulnerability to an increase in the import bill and Current Account Deficit, depreciation of the Indian Rupee and an inflationary impact associated with a rise in crude oil prices. [80]