RUPEES Meaning and
Definition
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Rupees refers to the official currency of India, Nepal, Pakistan, Sri Lanka, the Maldives, and several other countries. It is denoted by the symbol "₹" and is abbreviated as "INR" in India, "PKR" in Pakistan, "NPR" in Nepal, "LKR" in Sri Lanka, and so on.
A rupee is subdivided into smaller units, such as paise in India (1 rupee = 100 paise) or paisa in Pakistan, Nepal, Sri Lanka, and the Maldives. However, due to inflation and economic changes, the value of these smaller units has decreased over time. Consequently, they may no longer hold significant value or be in general circulation.
Rupees have historical roots dating back to the 6th century BCE. The term "rupee" is believed to have originated from the Sanskrit word "rupya," which means "wrought silver." Early forms of rupees were silver coins minted by different empires and rulers in the Indian subcontinent.
As the process of decolonization unfolded in the mid-20th century, various countries in South Asia adopted their national currencies, all retaining the name "rupee." However, while the names are the same, the respective currencies are distinct and have separate exchange rates. It is important to note that the value of rupees fluctuates against other currencies due to factors such as international trade, inflation, and economic policies.
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Other Common Misspellings for RUPEES
Etymology of RUPEES
The word "rupees" has its etymology in the Sanskrit language. It is derived from the Sanskrit word "rupya", which means "wrought silver" or "a coin of silver". The term was later adopted by various languages in the Indian subcontinent, including Hindi, Urdu, and Gujarati. The word "rupee" was first introduced by Sher Shah Suri, the ruler of the Sur Empire in northern India in the 16th century, and it has since been used to refer to the currency unit of various countries in the region, including India, Pakistan, Nepal, Sri Lanka, and Indonesia.
Similar spelling words for RUPEES
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