Search results
Results From The WOW.Com Content Network
The data on exchange rate for Japanese Yen is in per 100 Yen.; The end year rate for 1998–99 pertain to March 26, 1999 of Deutsche Mark rate.; Data from 1971 to 1991–92 are based on official exchange rates.
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 ...
After 1871, 960 réis or 16 tangas (worth 60 réis) equalled 1 rupia. The rupia was equal in value to the Indian rupee. This meant the tanga was equal in value to the Indian anna. In 1958, the currency was replaced by the escudo at the rate of 1 rupia = 6 escudos.
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 ...
In order to determine currency denominations, the Reserve Bank of India follows a variation of the Renard series, called the 1-2-5 series, in which a ‘decade’ or a 1:10 ratio is covered in 3 steps, such as 1, 2, 5, 10, 20, 50, 100, 200, 500, 1,000, etc. [7] The Reserve Bank of India described the 200-rupee notes as the missing link in the ...
However, Indian rupees were being smuggled from India to the states of the Persian Gulf in exchange for gold. It was estimated in 1959 that the total amount of gold in private hands in India was about US$1.75 to 2 billion – roughly two-thirds of the value of paper money in circulation.
In COVID-19 Pandemic (2020) era, despite the global economic impact of the pandemic, India's reserves increased significantly, reaching about $500 billion by mid-2020 due to a combination of lower imports, higher remittances, and inflows of foreign capital. By 2021, India's reserves peaked at around $642 billion in early 2022, marking a record ...
The introduction of this denomination of the Indian rupee was part of the government's demonetization exercise aimed at curbing corruption, black money and counterfeit currency. On the same day, the Indian government announced the demonetization of the existing 500 rupee and 1000 rupee notes. The intention behind demonetization was to ...