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.
References in periodicals archive ?
The Indian rupee will remain under pressure in the coming months, analysts say.
Hyderabad (Telangana) [India], Jan 11 ( ANI ): Foreign currency worth around 38 Lakh Indian Rupees was seised by the CISF at the Rajiv Gandhi International Airport here on Wednesday.
He said, "As a result, so far this year the real effective depreciation of the Indian rupees compared to December 2017 is, by our estimates, between six and seven percent." Observing that India is a relatively closed economy, he said the contribution of the net exports to growth in the April to June quarter was again stronger than expected and the real depreciation of the rupee can be expected to reinforce this trend.
'But they are holding on to some part of the money, expecting a further fall of the Indian rupee. It's likely to touch R200 against RO1 though not overnight,' he added.
Promoth Manghat, CEO, UAE Exchange Group said the Indian rupee is likely to weaken further "The current dip is due to rising yields on US Treasury and increase in global oil prices.
Financial Institutions Association of Bhutan head and BNB MD Kipchu Tshering said that the non-availability of the Indian Rupee has created quite a problem for everybody as companies and people cannot use the Rupee they deposited to pay back loans to the banks and that meant more Non Performing Loans.
It is particularly worth highlighting the performance of our Indian Rupee Options contract which has seen a surge in trading activity recently.
R5FX launched Indian Rupee trading at the conclusion of an event hosted by the Lord Mayor and City of London, at which the UK Prime Minister, Mr David Cameron, welcomed the Indian Prime Minister, Shri Narendra Modi.
The dealers said during the early hours of trading Indian rupee plunges 62.
Muscat, Feb 11 (ONA) Due to the information received about the availability of a large amount of counterfeit money of the Indian currency (Indian rupee) in the local markets and neighbouring countries' markets, the Central Bank of Oman (CBO) calls on all citizens and residents travelling to the Republic of India, during this period, to exercise caution and use other foreign currencies instead of the Indian rupee.
The Indian central bank has asked foreign airlines operating in the nation to immediately stop using foreign banks to settle Indian rupee transactions.
Summary: Indian Rupee Futures volume reached 5,201 contracts, valued at US $234.08 million on October 8th, 2010 - the highest ever daily volume for DGCX Indian Rupee Futures.