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Rs - definition of Rs in Encyclopedia (247 words) |
 | The Rupee (₨;) is the common name for the currencies used in India, Pakistan, Sri Lanka, Nepal, and Mauritius; in Indonesia the unit of currency is known as the rupiah and in the Maldives the rufiyah. |
| An Indian rupee is equivalent to one hundred new paise or pice (singular paisa). |
| The origin of the word Rupee is found in the Sanskrit word rupya, meaning 'silver.' The derivative word Rupiya was used to denote the coin introduced by Sher Shah Suri during his reign from 1540 to 1545 CE. |
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