On 6 June 1966, India devalued the rupee.

The Gulf rupee was introduced by the Indian government in 1959 as a replacement for the Indian rupee, for circulation exclusively outside the country.

The rupee was the currency of Afghanistan until 1925.

With an overvalued rupee, there are no good policy choices.

A depreciated rupee should help revive Indian exports and lift growth.

Amid weakening competitiveness, the rupee was propped up by increasingly unstable foreign sources of funds.

To dampen the additional inflationary pressures implied by a weaker rupee, more aggressive fiscal retrenchment is needed. Even so, a depreciated rupee will increase the burden of repaying foreign debt, and deepen the woes of domestic companies and banks.

Yes, India s economy has slowed sharply, the rupee has plunged, and scandals and protests dominate the headlines.

To dampen the additional inflationary pressures implied by a weaker rupee, more aggressive fiscal retrenchment is needed.

And the Indian government played a large part in fueling rupee appreciation by easing companies ability to borrow abroad.

In 1951, the rupee was replaced by the East African shilling which was on par with the shilling sterling.

At the time, the Indian rupee was pegged to the British pound at a rate of 13⅓ rupees 1 pound.

Even so, a depreciated rupee will increase the burden of repaying foreign debt, and deepen the woes of domestic companies and banks.

Not much more was required to dampen foreign investors enthusiasm for the India story, with the rupee falling significantly in recent weeks.

The International Monetary Fund, which now supports selective imposition of capital controls, seems unconcerned the rupee, its annual review concludes, is fairly valued.

CA But if it's a 3,000 rupee, 70 dollar bribe, what fee would you have to charge, and can you actually make the business work?

To reduce the strain put on India's foreign reserves by gold smuggling caused by this external use of the rupee, a separate currency was created.

He worked to expand the league, reducing the cost of membership to two annas (⅛ of a rupee), half of what it cost to join the Congress.

As of 29 January 2014 the South African rand, United States dollar, Australian dollar, Indian rupee, Chinese yuan and Japanese yen are all legal tender in Zimbabwe.

India, for example, has eschewed currency intervention thus far, even while opening up to long term rupee debt inflows, in an attempt to finance much needed infrastructure projects.

PRINCETON The Indian rupee has weakened rapidly in recent months, with the exchange rate against the US dollar dropping by 11 , to around 60 rupees, since early May.

History In the beginning to the middle of the 20th century, the Indian rupee was extensively used as currency in the countries of the Gulf and Arabian Peninsula.

Selling five rupee sachets of shampoo to poor consumers is considered clever marketing, but lending 5,000 rupees to a starving peasant at high interest rates is viewed as exploitative.

You bring your water, you bring your soap, I wash the clothes for you. Charge 50 paisa, one rupee for you per lot, and a new business model can emerge.

And, as India s external position deteriorated, the rupee became significantly overvalued between early 2009 and late 2012, trading in a narrow range while domestic inflation galloped ahead in a global environment of relative price stability.

History The Dinar was introduced into circulation in 1932, by replacing the Indian Rupee, which had been the official currency since the British occupation of the country in World War I, at a rate of 1 Dinar 11 rupees.

Since every dollar, euro, yen, rupee, or yuan borrowed today requires the same present value in future interest payments and therefore future taxes there are important long term costs to balance against whatever benefits the deficits create today there is no fiscal free lunch.