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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.
A lakh (/ l æ k, l ɑː k /; abbreviated L; sometimes written lac [1]) is a unit in the Indian numbering system equal to one hundred thousand (100,000; scientific notation: 10 5). [1] [2] In the Indian 2, 2, 3 convention of digit grouping, it is written as 1,00,000. [3]
For larger values, it includes named numbers at each multiple of 100; including lakh (10 5) and crore (10 7). [1] English also has words, such as zillion, that are used informally to mean large but unspecified amounts.
The United States dollar (symbol: $; currency code: USD; also abbreviated US$ to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries.
This was the second worst single-day fall in the history, where the investors lost ₹6.50 lakh crores ($91 billion). [citation needed] While on 12 March 2020, the index plunged down by 2919.26 points, the second–worst fall in the history, ending in red to a 33-month low at 32,778.14. The fall wiped off ₹11.2 lakh crores wealth ($160 billion).
The economy of Delhi is the 12th largest among states and union territories of India. The Nominal GSDP of the NCR was estimated at 272.603 Billion [1] and the Nominal GSDP of the NCT of Delhi for 2023-24 was estimated at ₹ 11.07 lakh crore (US$130 billion) [10] [11] recording an annual growth of 9.2%.
Coins of the Indian rupee (₹) were first minted in 1950. [1] New coins have been produced annually since then and they make up a valuable aspect of the Indian currency system. Today, circulating coins exist in denominations of 1, 2, 5, 10, and 20 rupees.
This is an accepted version of this page This is the latest accepted revision, reviewed on 20 January 2025. See also: Orders of magnitude (numbers) and Long and short scales Natural number 1000000000 List of numbers Integers ← 10 0 10 1 10 2 10 3 10 4 10 5 10 6 10 7 10 8 10 9 Cardinal One billion (short scale) One thousand million, or one milliard (long scale) Ordinal One billionth (short ...