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Data from 1971 to 1991–92 are based on official exchange rates. Data from 1992 to 1993 onward are based on FEDAI (Foreign Exchange Dealers' Association of India) indicative rates. Data from 1971 to 1972–73 for the Deutsche Mark and the Japanese Yen are cross rates with the US Dollar. The Euro replaced the Deutsche Mark w.e.f. January 1, 1999.
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 can be written ...
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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 ...
In 1850, the official conversion rate between the pound sterling and the rupee was £0 / 2s / 0d (or £1:₹10), while between 1899 and 1914, the official conversion rate was set at £1 to 1s to 4d (or £1:₹15). However, this was just half of market exchange rates between 1893 and 1917. The gold-to-silver ratio expanded between 1870 and 1910 ...
At the time of independence (in 1947), India's currency was pegged to pound sterling, and the exchange rate was a shilling and six pence for a rupee — which worked out to ₹13.33 to the pound. [23] The dollar-pound exchange rate then was $4.03 to the pound, which in effect gave a rupee-dollar rate in 1947 of around ₹3.30.
For powers of ten less than 9 (one, ten, hundred, thousand and million) the short and long scales are identical, but for larger powers of ten, the two systems differ in confusing ways. For identical names, the long scale grows by multiples of one million (10 6), whereas the short scale grows by multiples of one thousand (10 3).
Conversion. 1 Bhari = 11.66375 gram 3.75 Troy ounce = 10 Bhari Weight of 64 Dhan (Wheat berries) = Weight of 45 Jau (Barley corns) Weight of 1 Barley corn = 64.79891 milligrams Commodity Weight System. 1 Bhari = 4 Siki 1 Kancha = 5 Siki 1 Chhataank = 4 Kancha 1 Chhataank = 5 Bhari 1 Adh-pav = 2 Chhatank = 1/8 Seer