the basic unit of money in Sri Lanka; equal to 100 cents
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the basic unit of money in Seychelles; equal to 100 cents
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the basic unit of money in Nepal; equal to 100 paisa
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the basic unit of money in Mauritius; equal to 100 cents
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the basic unit of money in Pakistan; equal to 100 paisa
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the basic unit of money in India; equal to 100 paise
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Rupee \Ru*pee"\ (r[.u]*p[=e]"), n. [Hind. r[=u]piyah, fr. Skr. r[=u]pya silver, coined silver or gold, handsome.] A silver coin, and money of account, in the East Indies.
Note: The valuation of the rupee of sixteen annas, the standard coin of India, by the United States Treasury department, varies from time to time with the price of silver. In 1889 it was rated at about thirty-two cents.
The move will mean about a 9 per cent depreciation of the rupee against the dollar.
The official rate is now abolished - so the government must buy foreign exchange at market prices. Finance ministry officials argue that now is an opportune time to end their squeeze and float the rupee.
In its new budget last month, New Delhi made the rupee partly convertible for foreign-currency dealings and accounts.
The continued depreciation of the rupee has meant a 'significant amount' of savings for the bank in some of its projects.
A two-step devaluation pegged the rupee 23% lower against the U.S. dollar.
The rupee has been made convertible on the trade account.
And students, to get their pictures in newspapers, make kites and hats of rupee notes.
When dealings start today, Finance Ministry officials expect the rupee to settle close to last week's free market rate. Some foreign exchange dealers believe there could be wild swings in early trading as dealers try to find a level for the currency.