Rupee

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Rupee

1. 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.

2. The name of several now defunct currencies in South Asia and the Middle East. Examples include the Bhutanese rupee and the Gulf rupee.
References in periodicals archive ?
He said: "The fall in the rupee means a lot to Indian investors, because unlike those remitting for family maintenance, they tend to be more opportunistic in their approach.
285 million rupees has been released for Planning and Development Division and eleven point five nine three billion for different projects of National Highway Authority.
According to statistics, the PML-Q government gave tax concessions worth rupees 19.
But she is not too enthused with the current fall in the rupee.
White" category pilgrims from Karachi have deposited 285,070 rupees each this year compared to 221,975 rupees last year.
The Forex dealers said the main cause of the rupee hitting a new low lack of Foreign Direct Investment (FDI) reforms and also fears that traders would de-invest from India and invest back in US as their economy has begun to show improvement.
The depreciating rupee might provide fresh opportunities to invest in stocks
In a bid to further expand the reach of its Indian rupee product offering, the Dubai Gold and Commodities Exchange (DGCX) has launched a Mini Indian Rupee Futures Contract (DINRM).
A steady fall in the value of the Indian rupee against the US dollar over the last one month has sparked a flurry of remittance from Qatar, which has its currency pegged to the Greenback," said Zubair Abdul Rahman, operations manager at the Al Zaman Exchange.
Irrespective of the slight rupee recovery, money exchange houses in the UAE recorded brisk remittance business on Thursday as NRIs continued to send home money to take advantage of the low rates.
Each DGCX Indian Rupee Options contract represents one Indian Rupee Futures contract of 2 million rupees.
0 percent to 413 million rupees from a year earlier, helped by lower distribution costs, accounts filed with the Colombo Stock Exchange show.