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Indian Rupee

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Indian Rupee
The currency of India. Prior to the independence of India, there were various Indian rupees and other currencies in circulation, many issued by different colonial powers. The modern rupee is descended from the rupee issued by the British. It was pegged to gold for much of its history, finally floating after the end of the Bretton Woods System in 1971.


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Indian Rupee and Japanese Yen futures traded 7,469 and 4,726 contracts respectively in October, a substantial increase on last year.
They were paid 5,000 Indian rupees (RM500) for each transaction, The Star reports.
The volume of Indian Rupee futures was 585 contracts.
 
 
 
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