How to use in-sentence of “indian rupee”:
– The Indian rupee sign:.
– The Indian rupee symbol letter “R” without the vertical bar.
– The Indian rupee replaced the Danish Indian rupee in 1845, the French Indian rupee in 1954 and the Portuguese Indian escudo in 1961.
– The Indian government introduced the Gulf rupee, also known as the Persian Gulf rupee, as a replacement for the Indian rupee for circulation exclusively outside the country with the Reserve Bank of India Act, 1 May 1959.
– However, in West Bengal, Tripura, Mizoram, Odisha, and Assam, the Indian rupee is officially known by names derived from the Sanskrit word टङ्क which means money.
– Officially, the Indian rupee has a market-set exchange rate.
– RBI intervention in currency markets is solely to deliver low “volatility” in the exchange rates, and not to take a “view” on the rate or direction of the Indian rupee in relation to other currencies.
– The Indian rupee is also accepted in towns in Nepal which lie near the border with India.
