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 ?
Investment in higher education sector was118 billion rupees as compared to 86 billion during 2008-13.
The LCCI former president said that rapid devaluation of rupee will damage the economic cycle of the country besides scaring off international investors therefore State Bank of Pakistan should control this dilemma without wasting a single moment.
He said the rupee depreciation may provide some incentives to the export sector of the country, but due to rise in the cost of imports, production cost would further go up that would affect the competitiveness of our exports.
Lowest rate of fiscal deficit was recorded during 2013-14 as it was 310 million rupees but income was also remained 0.
PAGE: Do You think devaluation of Pakistani rupee would attract foreign investors ?
Adeeb Ahamed, managing director, Lulu Exchange, noted that the rupee slid gradually from 105 to 110 against the US dollar during the week.
Sudhesh Giriyan, COO, Xpress Money, said: "The current level of the rupee is very attractive for customers, especially white collar remitters, to send money home.
White" category pilgrims from Karachi have deposited 285,070 rupees each this year compared to 221,975 rupees last year.
The dealers said during the early hours of trading Indian rupee plunges 62.
Prices for the DGCX Mini Indian Rupee Futures contract will be quoted in US Cents per 100 Indian Rupees, with a minimum premium fluctuation of 0.
SATYENDRA PATHAK DOHA THE fall of Indian rupee to a low of Rs14.
Prices are quoted in US Cents per 100 Indian Rupees, with a minimum premium fluctuation of 0.