Search results
Results From The WOW.Com Content Network
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] 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 ...
For example 150,000,000 (one hundred and fifty million) rupees is written as "fifteen crore rupees", "₹ 15 crore". [1] In the abbreviated form, usage such as "₹ 15 cr" is common. [3] Trillions (in the short scale) of money are often written or spoken of in terms of lakh crore. For example, one trillion rupees is equivalent to: ₹ 1 lakh ...
[1] [2] In the Indian 2, 2, 3 convention of digit grouping, it is written as 1,00,000. [3] For example, in India, 150,000 rupees becomes 1.5 lakh rupees, written as ₹ 1,50,000 or INR 1,50,000. It is widely used both in official and other contexts in Afghanistan, Bangladesh, Bhutan, India, Myanmar, Nepal, Pakistan, and Sri Lanka.
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.
Thus, the currency regime in place for the Indian rupee with respect to the US dollar is a de facto controlled exchange rate. This is sometimes called a "managed float". On 9 May 2022, the Indian Rupee traded at ₹77.41 against the US dollar, hitting an all-time low. [79]
This monumental transaction follows the sale of 25kg of gold from a UAE gold exporter to a buyer in India for around 128.4 million rupees ($1.54 million), according to Reuters.
For regular Google Search results (with Verbatim mode to avoid similar terms), there are 140 results for "million rupees" and 95 for "billion rupees"; however, on closer inspection, it turns out that all but a handful them are from American, English and European websites reporting Indian news. Although "lakh rupees" and "crore rupees" only ...
However, in recent years, due to inflation, the use of these small value coins has declined, and so has the use of these slang terms. For larger amounts, 1 lakh = 100,000 and 1 crore = 10,000,000 (or in the Indian convention, 1,00,000 and 1,00,00,000 respectively). These are considered technical units in India (so not technically slang).