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Topic: Indian rupee

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In the News (Wed 21 Aug 19)

  Britain.tv Wikipedia - Rupee
The Rupee (₨ or Rs.) is the common name for the currencies used in India, Pakistan, Sri Lanka, Nepal, Mauritius, and the Seychelles; in Indonesia the unit of currency is known as the rupiah and in the Maldives the rufiyah.
In the late 19th century the customary exchange rate was 1 rupee to one shilling and fourpence in British currency, or 1/15 of a pound sterling.
Large denominations of rupees are often counted in lacs or lakhs (100,000) crores (10,000,000) and arabs (Abja in Marathi) (1 billion).
www.britain.tv /wikipedia.php?title=Rupee   (601 words)

 Indian coins ,Rupee Highlights of Post Victorian Monarchs, British Indian Rupee
The advent of Green adventurers and their assimilation into the Indian cultural society around 200 BC gave rise to India-Greek dynasties and the coinage system was overhauled to show the profile of the then rulers and their names in Green and in Indian languages—khrosthi and brahmi.
The birth of the rupee is credited to the Afghan ruler for which he was known as the “Prince of Indian Coinage.” A man of vision, he also built the Grand Trunk Road transversing a vast sub-continent from the Khyber Pass to the Bay of Bengal.
Hence was born the first rupee of a fixed weight and it continued to be issued and used until the British came to India.
www.indiaprofile.com /heritage/storyofrupee.htm   (1450 words)

 Roadmap for free float of the Indian rupee -DAWN - Business; March 27, 2006
INDIAN Prime Minister Manmohan Singh, unlike some of his predecessors, is not in the habit of making casual remarks and then recanting it when the dirt hits the ceiling.
So when he referred to the full convertibility of the Indian rupee — pointing out that it was time to revisit the issue, since the foreign exchange position was now comfortable - at a book-launch function at the country’s financial and commercial capital last week, the markets took serious note of it and reacted positively.
The rupee was initially devalued, and then came the tortuous process of having a partly-free and a partly-controlled currency.
www.dawn.com /2006/03/27/ebr11.htm   (1362 words)

 Lanka - Tale of the Silver Rupee
The sicca rupee had a weight of 180 grains with a silver content of 176 grains troy and 4 grains was an alloy, which specifications remained unaltered till 1935 and by which time had been increased to 192 grains.
This rupee was called the 'arcot rupee' and though at first it was lighter in weight1 was later raised to 180 grains with a silver content of 165 grains troy in 1818.
The value of this rupee in 1803 and 1822 was 1 rix-dollar, 18 pices and a shillings 3 1/2 pence or 1 rix-dollar, 3 fanams and 2 5/7 pices respectively.
lakdiva.org /coins/silver_rupee.html   (1436 words)

 Indian Bank - Forex Newletter
Against the Indian Rupee the Euro is expected to trade in a range of 58.50/60.00.
Against the Indian Rupee, Sterling is expected to trade in a range of 82.60/84.80.
Indian textile manufacturers are bullish about doubling their export growth in the current fiscal year to 20-25% over last year's $13 billion.
www.indian-bank.com /fx_newsletter1_05.htm   (930 words)

 Indian rupee hits new low, more pitfalls likely   (Site not responding. Last check: 2007-10-08)
Though the rupee has held its ground despite an arms bribery scandal and a stock market scam, analysts warn that the worse may be far from over.
MUMBAI: The Indian rupee slid to a lifetime low against the dollar on Thursday, dragged down by concerns that foreign investment inflows could dry up, and traders said the move could be the start of a sharp slide.
After trading steadily for weeks, the Rupee slipped on Wednesday on reports that offshore investors were buying dollars in reaction to a slumping stock market and an earnings warning from blue-chip software firm Infosys Technologies.
www.ciol.com /content/markets/buzz/101041302.asp   (792 words)

 Asia Times - Indian exporters turn to the euro
The surge in the rupee value, which has appreciated by about 4 percent over the past 13 months, instead of a decade-long trend of a 5 percent depreciation per year, has severely mauled India Inc, says a study by industry lobby the Federation of Indian Chambers of Commerce (FICCI).
The FICCI study adds that 77 percent of the respondents were of the opinion that the rupee would further depreciate against the euro, which is now emerging as the most preferred currency for India.
The anticipated range for the rupee by the end of the current fiscal means that the bottom line of leading software companies may get squeezed in the range of 120-170 points in the fiscal 2003-04.
www.atimes.com /atimes/South_Asia/EF28Df01.html   (701 words)

 The Indian Rupee Fundamentally Weak, Shaking Off Postive FII Sentiment (SAY, WIT, INFY, GLD) - SeekingAlpha
The fundamental reasons for the rupee to continue weakening are still in place, he says, while the sentimental reasons that have been propping the rupee seem to be fast disappearing, especially with foreign brokerage houses predicting a correction of the Indian equity markets.
Noteworthy during this recent slide by the Indian rupee was the lack of intervention by India's central bank.
Rupee has already touched the 10 1/2 month low and if the FII money keeps pouring into the stock market as it has in last 9 months of 2005, then we might see some stability.
india.seekingalpha.com /article/3556   (1512 words)

 ADB Issues Indian Rupee Bonds
The lead arrangers of the issue were HSBC and ICICI Securities, with Bank of India and Union Bank of India participating in the syndicate as co-arrangers.
ADB's rupee bond issue represents many firsts in the Indian capital market: first issue by a foreign entity, first supranational issue, and first issue rated triple-A by Fitch, Moody's and Standard and Poors.
ADB Vice President Liqun Jin at the launch of ADB's Indian Rupee Bonds.
www.adb.org /Media/Articles/2004/4466_India_adb_issues_rupee_bonds   (480 words)

 ADB Issues Indian Rupee Bonds - ADB.org
Priced at par, ADB's rupee bonds carry a semiannual coupon of 5.4% per annum to yield 17 basis points over the 7.37% Indian G-Sec due April 2014.
ADB's rupee bond issue represents many firsts in the Indian capital market: first issue by a foreign entity, first supranational issue, and first issue rated triple-A by Fitch, Moody's and Standard & Poors.
ADB will be able to offer private sector borrowers in Indian rupee loans for projects in need of long-term local currency financing.
www.adb.org /Documents/News/2004/nr2004017.asp   (526 words)

 Indian Rupee - Search Results - ninemsn Encarta
Indian Rupee - Search Results - ninemsn Encarta
As at early 2006, 44.83 Indian rupees equalled US$1.
The monetary unit of Nepal is the Nepalese rupee of 100 paisa (74.71 rupees equalled US$1; early 2006).
au.encarta.msn.com /Indian_Rupee.html   (93 words)

 Asia Times - Worries over climbing Indian rupee
Particularly concerned at the unstinting rise of the rupee against the dollar in the first quarter of the fiscal year that began in April 2003 and continued into July are software exporters, who now earn $10 billion worth of foreign exchange annually.
A recent survey conducted by the Federation of Indian Chambers of Commerce and Industry (FICCI) covering 100 importers, exporters and financial institutions showed that most of them believed that the lower value of the dollar against the rupee had eroded their competitiveness in the international market.
In a document titled "Guidelines for Foreign Exchange Reserve Management" released earlier this year, the IMF said the Indian government was "maintaining a capacity to intervene in the markets to support the exchange rate regime or to contain excessive volatility in the foreign exchange market".
www.atimes.com /atimes/South_Asia/EH02Df01.html   (983 words)

 INDIAN MIRROR - GEOGRAPHY -Other facts about India
The Indian rupee is divided into 100 paise.
The Indian Newspaper industry is flourishing, printing the staggering figure of around 22,000 newspapers, of which around 1800 are dailies.
The earliest language of the Indians was that of the Indus valley civilization and only some characters of their script is available now and hence it could not be deciphered properly.
www.indianmirror.com /geography/geo10.html   (862 words)

 Weak Indian rupee to fuel capital flight   (Site not responding. Last check: 2007-10-08)
Concerns are growing that accelerated depreciation of the Indian rupee will trigger widespread foreign capital flight and further exchange rate weakness.
Since July 2005 the rupee has depreciated by about 6% against the US dollar (about 46.2 to the dollar on Tuesday) and about 3% against the euro.
The downward drift of the rupee was initiated by the bank's reluctance to lift the official bank rate from its lowest level (6%) in more than 30 years despite increasing inflationary pressure.
www.condoradvisers.com /Articles_View.php?ArticleID=40   (802 words)

 BBC News | The Economy | Indian rupee at new low
The Indian rupee has fallen to a new low against the dollar on the currency markets, despite the intervention of the central bank.
But the Indian currency has also been hit by political uncerrtainties at home and the effect of American sanctions after India detonated its nuclear weapons.
Since the beginning of the Asian crisis a year ago in July, the rupee has fallen 18% against the dollar, compared with 80% for the Indonesian rupiah, 40% for the Malaysian ringgit, and 37% for the Thai baht.
news.bbc.co.uk /1/hi/business/the_economy/154272.stm   (363 words)

 Calculator for Indian Rupee (INR) Currency Exchange Rate Conversion
The Indian Rupee is the currency in India (IN, IND).
Large amounts of Rupees are expressed in lakh rupees or crore rupees.
A Lakh Rupee is one hundred thousand rupees and a crore rupee is ten million rupees.
coinmill.com /INR_calculator.html   (835 words)

 Forbes.com: Indian rupee rise key challenge for future-Infosys   (Site not responding. Last check: 2007-10-08)
BOMBAY, Oct 10 (Reuters) - The continuing appreciation of the Indian rupee is a key challenge facing Infosys Technologies Ltd (nasdaq: INFY - news - people), the country's leading software services exporter, the company's officials said on Friday.
Infosys officials, who were speaking to CNBC after the firm unveiled a better-than-expected 33 percent year-on-year rise in net profit to three billion rupees ($66.3 million), said the company had based its projections for the next two quarters on an exchange rate of 45.40 rupees a dollar.
Indian software firms get more than 70 percent of their revenues from exports.
www.forbes.com /home/newswire/2003/10/10/rtr1105372.html   (355 words)

 Laxmi Pandit returns Miss India World title, Indian rupee soars, Tohra critical, Delhi's Metro extended, Togadia's ...
Mumbai: The Indian rupee rose nearly one percent against the dollar to hit a 47-month closing high on Wednesday as the central bank limited its intervention in the face of surging foreign investment inflows.
The rupee, which had previously closed at 44.07/08, hit a session peak of 43.35 before retreating slightly on corporate demand and a brief bout of central bank intervention.
The human rights group said most of the innocent citizens were picked up by the Indian army from remote villages as it lay siege on the border.
www.indiatraveltimes.com /news/news2004/mar04/mar3104_news.html   (1470 words)

 CNN.com - Indian rupee slumps to record low - April 17, 2001
The rupee ended Tuesday trading at 46.85 against the U.S. dollar, after early sell-offs saw the currency briefly touch a historic low of 47.10 to the greenback before bouncing back.
One trader said Indian importers have been buying dollars as a hedge against what they fear could be a weakening currency.
The rupee has lost one percent against the U.S. dollar in the last trading week alone.
edition.cnn.com /2001/BUSINESS/asia/04/17/india.rupee/index.html   (283 words)

 Reviewing the Indian rupee's performance | SCB Economic Update   (Site not responding. Last check: 2007-10-08)
On the negative side, the Indian trade deficit is at record levels - on a monthly basis - and export prospects look less encouraging given the projected slowdown in global growth.
On the contrary, the Indian trade balance is in deficit and this deficit is reaching record highs.
The RBI's tolerance for an overvalued rupee has partially to do with its desire to maintain a balance between inflation and growth with the balance of risks having shifted to equal emphasis on growth and inflation in our assessment.
www.ameinfo.com /62483.html   (1494 words)

 Indian Rupee - Search Results - MSN Encarta   (Site not responding. Last check: 2007-10-08)
Indian Rupee - Search Results - MSN Encarta
Indian Rupee, Mauritian Rupee, Nepalese Rupee, Pakistani Rupee, Seychelles Rupee, Sri Lankan Rupee
As at early 2006, 30.96 rupees equalled US$1.
uk.encarta.msn.com /Indian_Rupee.html   (90 words)

 Indian Rupee Exchange Rates - North and South America - Current Exchange Rates
Indian Rupee exchange rates against currencies in North and South America for November, 08
Exchange rates for the Indian Rupee against foreign currencies from North and South America are displayed in the table above.
The values in the Convert To column provide the quantity of foreign currency units that can be purchased with 1 Indian Rupee based on recent exchange rates.
www.exchange-rates.org /currentRates/INR   (181 words)

 India Rupee and Indian currency information including currency exchange rates
The Indian Rupee is the original official currency of India.
The English translation of "Rupee" is "silver," and the name exists because it was previously a silver coin.
More recently, the Indian Rupee has been depreciating in step formation, but roughly in line with the fall in its Purchasing Power Parity since the early 1980s.
www.gocurrency.com /countries/india.htm   (782 words)

 Indian Silver Rupee Spoon
Description: An interesting old silver spice spoon, the bowl of which is made from a George V 1917 Indian Silver Rupee coin and from it's construction and design appears to have been made hand made by Indian craftsmen.
Not sure what the purity of the silver is but obviously British minted coins of that period had a high silver content and the handle and top appear to be of the same metal so is also IMO most likely also made of coin metal of the same period.
It is very nice, and certainly an interesting spoon, and typically Indian, and of course being handmade is unique and you can't get any rarer than that.
www.goantiques.com /detail,indian-silver-rupee,951423.html   (215 words)

 Australian Dollar vs Indian Rupee Spot Exchange Rate Price AUDINR, Stock Quotes, Charts, Share Trades & News.
Get the Latest Australian Dollar vs Indian Rupee Spot stock Price, quotes, trades and FREE Australian Dollar vs Indian Rupee Spot stock charts, company information, annual reports, market news and announcements from ADVFN.
We offer Intraday and historical stock prices for Australian Dollar vs Indian Rupee Spot (AUDINR) and other GTIS Forex listed companies as well as company financials, Level 2 Data and the latest investor information from our stock market Message Boards.
Receive the lastest Australian Dollar vs Indian Rupee Spot share price by texting afn q AUDINR to 60030 and receive the current Australian Dollar vs Indian Rupee Spot share price, the bid and offer price as well as the day's high, low and opening prices.
www.advfn.com /quote_Australian-Doll_FX_AUDINR.html   (375 words)

 Dollar Rupee, The Indian Rupee Market, Dollar Indian Rupee Forecast, Dollar Rupee Market, Daily Rupee Forecast - (via ...   (Site not responding. Last check: 2007-10-08)
We have an enviable track record (look at the chart on the right hand top) to back up our claim.
Our services include long-term forecasts, daily updates as well as hedging advise to Indian corporates.
You can also take a 15-day FREE trial of our twice-daily "Rupee Update" service.
www.kshitij.com.cob-web.org:8888 /inr/inr1.shtml   (319 words)

 East Caribbean Dollar Historical Exchange Rates - Indian Rupee - Historical Exchange Rates
Invert Table - The data table currently shows historical exchange rates for East Caribbean Dollars per 1 Indian Rupee.
Invert the table to see Indian Rupees per 1 East Caribbean Dollar.
Export to Excel - Export this data to a CSV file which can be imported by Microsoft Excel.
www.exchange-rates.org /history/XCD/INR/T   (200 words)

 Forex Trading Signals, Forex Risk Management, Hedging, Currency Forecasts, Dollar Indian Rupee Forecast - Kshitij ...
In forex trading and risk management success depends on painstaking research, superior forecasts and the discipline to stay in the market for the long haul.
Get a 15-day Free Trial on the first and best forecasts on the Indian Rupee on the Net.
Innovative research into the foreign exchange market, leading to greater profitability.
www.kshitij.com   (279 words)

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