Indian Monetary Unit (Noun)
Meaning
Monetary unit in India.
Classification
Nouns denoting quantities and units of measure.
Examples
- The Indian monetary unit is the Indian rupee, which is widely used for all financial transactions within the country.
- The currencies from other nations will be exchanged for the Indian monetary unit when tourists and travelers visit the country.
- As the official Indian monetary unit, the rupee plays a vital role in facilitating domestic and international trades.
- Some of the older people still use the terms that represent a fraction of the standard Indian monetary unit.
- Since the introduction of the decimal system for the Indian monetary unit, the Indian rupee has been divisible into 100 paise.