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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.
India was forced to sell dollars to the extent of close to US$35 billion in the spot markets in Financial Year 2009 due to 22% depreciation in rupee (against the dollar) in the same fiscal year 2009. In 2009, India purchased 200 tonnes of gold from the International Monetary Fund, worth US$6.7bn (€4.57bn, £4.10bn). [15]
With reserves currently around $598.69 billion, they play a vital role in ensuring financial stability, managing currency fluctuations, and enhancing India's standing in international trade. The historical growth and management of these reserves will continue to influence India's economic policy and global economic interactions. [209] [210]
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 written as "3,00,00,000 rupees". There are names for numbers larger than crore, but they are less commonly used.
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.
Government of India – 10 rupees (1910) British Indian one rupee note. In 1861, the Government of India introduced its first paper money: ₹ 10 note in 1864, ₹ 5 note in 1872, ₹ 10,000 note in 1899, ₹ 100 note in 1900, ₹ 50 note in 1905, ₹ 500 note in 1907 and ₹ 1,000 note in 1909.
The currency in circulation in a country is based on the need or demand for cash in the community. The monetary authority of each country (or currency zone) is responsible for ensuring there is enough money in circulation to meet the commercial needs of the economy, and releases additional notes and coins when there is a demand for them.
Spotify paid out $10 billion to the music industry in 2024 — some $1 billion more than last year, the previous record — making its total around $60 billion since it was founded in 2006. The ...