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What is a rupee?

What is a rupee? Here are some definitions.

Noun
  1. The common name for the monetary currencies used in modern India, Mauritius, Nepal, Pakistan, the Seychelles, or Sri Lanka, often abbreviated ₨.
  2. (historical) A silver coin circulating in India between the 16th and 20th centuries, weighing one tola (formerly 170–180 troy grains; from 1833, 180 troy grains).
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Examples
Much to the amusement of the car driver, the man in khaki fished out a couple of hundred rupee notes towards compensation.
Due to falling world silver prices during the last decades of the nineteenth century, the silver rupee was depreciated.
Nasdaq would form a trading platform once the rupee was made fully convertible.
A more telling index of the progress of the War on Terror is the exchange rate between the dollar and the Pakistani rupee.
While traditional lamps sell at 50 paise a piece, aesthetically painted ones sell for a rupee each, they add.
The instability of the rupee and the decision to float the currency highlight the country's underlying economic and political crisis.

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