2007-12-17 09:04:42 · 3 answers · asked by T H123 1 in Business & Finance ➔ Other - Business & Finance
The official Indian currency is Rupee (a.k.a. Rupaya, Ruppai), the name derived from its silver coin predecessor.
A Rupee is divided into 100 parts, each of which called a Paise.
Paise is sometimes referred to as Naya-Paise, meaning the "new-money", a habit continued from when India became free from British -- when the new county introduced new currency, people used Naya-Paise to distinguish it from the old currency.
Because of the smallness of the Rupee, it is very common to hear the word Lakh of Rupees in India, which mean 100,000 Rupees. A Crore of Rupees indicates one hundred Lakhs or ten million Rupees. The Lakh is increasingly used in business too.
2007-12-17 12:26:59 · answer #1 · answered by Sandy 7 · 0⤊ 0⤋
The currency in India is called rupee.. it is denoter using the symbol INR
39 INR = 1 USD
The rupee is divided into 100 paise...
2007-12-18 01:28:03 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Rupee
2007-12-17 17:10:10 · answer #3 · answered by redwine 6 · 1⤊ 0⤋