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rupee

/ˈruːpiː/
noun★Intermediate
💰Finance
formal

the standard unit of currency used in India, Pakistan, Nepal, Sri Lanka, and other South Asian countries

He exchanged his dollars for Indian rupees before traveling.

This shows the conversion of foreign currency to the local currency for travel.

The exchange rate between the euro and the rupee fluctuates daily.

This indicates that the value of the rupee compared to the euro changes frequently.

💡

The rupee is subdivided into 100 paise in India, though the smaller denomination is no longer in circulation.

Collocations

Indian rupeethe official currency of IndiaPakistani rupeethe official currency of Pakistanexchange ratethe value of the rupee compared to other currencies

Synonyms

Related Phrases

black moneyphrase
unaccounted or undeclared income, often in rupees
demonetizationphrase
the act of removing a currency from circulation, as happened with certain rupee denominations in India

💡Pro Tip

Currency Symbol

The rupee is symbolized by ₹, which is used in writing and digital formats.

Subdivision

While the rupee is officially divided into 100 paise, the smaller unit is no longer in use.

⚡Gold Rule

Official Use

Always use 'rupee' or its symbol ₹ when referring to the currency in formal contexts.

📖Word Origin

The word 'rupee' comes from the Sanskrit word 'rūpyarūpa,' meaning 'wrought silver' or 'silver coin.' It was introduced by Sher Shah Suri in the 16th century.

📝Usage Notes

The rupee is the primary currency in several South Asian countries, and its symbol is ₹. It is often abbreviated as 'INR' for the Indian rupee.

Word Breakdown

rup
silver
root
+
-ee
coin
suffix
English Dictionary

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