Rupee (redirected from Rs.)

rupee

the standard monetary unit of India, Nepal, and Pakistan (divided into 100 paise), Sri Lanka, Mauritius, and the Seychelles (divided into 100 cents)

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Rupee 

the monetary unit of India, Mauritius, the Republic of the Maldives, Nepal, Pakistan, the Seychelles, Sikkim, and Sri Lanka. In India, the rupee was first used at the end of the 16th century; it was divided into 16 annas (64 paise, or 192 pies). With the transition to a decimal system on Apr. 1, 1957, the rupee was divided into 100 paise. According to the exchange rate set on Jan. 1, 1975, by the Gosbank (State Bank) of the USSR, 100 Indian rupees equaled 8.88 rubles.

In Pakistan, the rupee was first used in 1948. Since Jan. 1, 1961, it has been divided into 100 paise. According to the exchange rates set on Jan. 1, 1975, by the Gosbank, 100 Pakistani rupees equalled 7.54 rubles.

In Nepal, the rupee came into use in October 1960. It is divided into 100 paise. According to the exchange rate set on Jan. 1, 1975, by the Gosbank, 100 Nepali rupees equalled 7.07 rubles.

In Sri Lanka, the rupee is divided into 100 cents. With the exchange rate set on Jan. 1, 1975, by the Gosbank, 100 rupees of Sri Lanka equaled 13.84 rubles.

In Mauritius, the rupee was first used at the end of the 19th century; it is divided into 100 cents. In the Republic of the Maldives, the rupee came into use at the beginning of the 20th century. This rupee is also divided into 100 cents (or larees). In the Seychelles, the rupee is divided into 100 cents.