RUPEE Meaning and
Definition
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The rupee is a noun that refers to the official currency of several countries, including India, Pakistan, Sri Lanka, Nepal, Indonesia, Maldives, and Mauritius. Derived from the Sanskrit word "rupya," meaning "wrought silver," the rupee has a long history dating back several centuries. As a monetary unit, it serves as a medium of exchange for goods and services within the respective countries. In terms of currency symbols, the Indian and Pakistani rupee are denoted by "₹," the Sri Lankan rupee by "රු" (in Sinhala script) or "ரூ" (in Tamil script), and the Nepalese rupee by "रू" in Devanagari script.
The value and exchange rate of the rupee against other international currencies can fluctuate based on economic factors, government policies, and external market conditions. Each country's central bank is responsible for regulating the issuance, distribution, and stability of its respective rupee currency. The rupee is typically divided into smaller units, such as paise or cents, depending on the country.
The rupee's significance extends beyond its use as legal tender. It represents a symbol of national identity, cultural heritage, and economic stability for the countries where it is in circulation. Furthermore, the rupee's impact extends beyond its official denominations, as it often holds sentimental and emotional value to the people of these nations.
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An East Indian current coin-the gold rupee value in sterling money about 29s., the silver rupee about 2s.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
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Etymology of RUPEE
The word "rupee" has its origins in the Sanskrit language. It comes from the Sanskrit word "rupya", which means "wrought silver" or "silver coin". The Sanskrit word "rupya" ultimately derives from the Sanskrit root "rup", which means "to form" or "to shape".
During the medieval period, the term "rupiya" was used to refer to silver coins in India. Over time, the pronunciation and spelling evolved, and the word was adapted into various languages, including Hindi, Urdu, Bengali, and other languages spoken in the Indian subcontinent. With the establishment of the British Raj in India, the word "rupee" was further assimilated into English vocabulary, referring to the official currency of India.
Similar spelling words for RUPEE
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