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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 ...
In the abbreviated form, usage such as "₹ 5L" or "₹ 5 lac" (for "5 lakh rupees") is common. [4] In this system of numeration, 100 lakh is called one crore [3] and is equal to 10 million. Formal written publications in English in India tend to use lakh/crore for Indian currency and Western numbering for foreign currencies, such as dollars ...
Crore (/ k r ɔːr /; abbreviated cr) denotes the quantity ten million (10 7) and is equal to 100 lakh in the Indian numbering system.In many international contexts, the decimal quantity is formatted as 10,000,000, but when used in the context of the Indian numbering system, the quantity is usually formatted 1,00,00,000.
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.
Most of the results from the search links above are either from American and British websites using the Indian TLD (e.g. BBC, Business Insider), or talking about non-rupee amounts, e.g. dollars. Searching for "million rupees" vs "lakh rupees" on Google Books returns around 540 results for the first phrase and 1280 for the second, except a very ...
Although $1 million may seem like a lot of money, unfortunately, it doesn't stretch as far as it used to. But, if you're a frugal spender, it may be just enough to buy everything you've always wanted.
1000 million Mark Notgeld banknote (1923) of Frankfurt am Main. According to the Oxford English Dictionary, the word billion was formed in the 16th century (from million and the prefix bi-, "two"), meaning the second power of a million (1,000,000 2 = 10 12). This long scale definition was similarly applied to trillion, quadrillion and so on ...
₹ 1.15 lakh crore (US$13 billion) (2022-23 est.) [3] All values, unless otherwise stated, are in US dollars . The per capita income of Assam was higher than the national average soon after Indian Independence.