rupee

noun
ru·​pee | \ rü-ˈpē How to pronounce rupee (audio) , ˈrü-ˌpē How to pronounce rupee (audio) \

Definition of rupee

the basic monetary unit of India, Mauritius, Nepal, Pakistan, Seychelles, and Sri Lanka — see Money Table

Examples of rupee in a Sentence

Recent Examples on the Web

But air conditioners are much bigger purchases than a light bulb; the highest-efficiency models hover between 31,000 and 35,000 rupees. Russell Gold, WSJ, "Can India Afford to Cool Down?," 21 Nov. 2018 Rising taxes and the falling rupee, in turn, have helped push up inflation, which has jumped from 2% to 8% during Mr Sirisena’s tenure (see chart). The Economist, "Coconuts and joltsSri Lanka’s president is struggling to keep his promises of reform," 17 Jan. 2018 India’s currency hit record lows earlier this year but the rupee has recovered some ground as oil prices have tumbled. Corinne Abrams, WSJ, "India Overtakes China as Favored Target for Corporate Deals," 25 Dec. 2018 Older merchants still remember trading in rupees, so closely was business linked with India. The Economist, "Do buyHow Dubai became a model for free trade, openness and ambition," 21 June 2018 One painful measure has already been taken for the new government, however: a 20% devaluation of the rupee since December, making exports more competitive. Bill Spindle, WSJ, "Pakistan’s New Leader Faces Financial Reckoning," 27 July 2018 As India heads into elections, central-bank technocrats worry that the government may dip into the RBI’s rupee reserves—a rainy-day fund used to shore up public finances—to open the spigots of government largess to voters. Sadanand Dhume, WSJ, "A $2.6 Trillion Economy Depends on a Credible Central Bank," 1 Nov. 2018 In turn, the country’s foreign-exchange reserves have dwindled to a four-year low as the central bank has tried, unsuccessfully, to defend the rupee. Andrew Peaple, WSJ, "China’s Economic Diplomacy Only Paves a Bumpy Road," 9 Oct. 2018 India’s foreign-exchange reserves have fallen by more than $7 billion in the past three weeks, a sign the RBI may have intervened to support the rupee. Kartik Goyal, Bloomberg.com, "Rupee's Slide to 15-Month Low Said to Have Spurred Intervention," 16 May 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'rupee.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of rupee

1610, in the meaning defined above

History and Etymology for rupee

Hindi & Urdu rūpaiyā, from Sanskrit rūpya coined silver

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Dictionary Entries near rupee

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run wild

Runyon

rupee

Rupert

Rupert's drop

rupestrian

Statistics for rupee

Last Updated

25 Mar 2019

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Time Traveler for rupee

The first known use of rupee was in 1610

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More Definitions for rupee

rupee

noun

English Language Learners Definition of rupee

: the basic unit of money in some Asian countries including India and Pakistan

rupee

noun
ru·​pee | \ rü-ˈpē How to pronounce rupee (audio) \

Kids Definition of rupee

: any of various coins (as of India or Pakistan)

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More from Merriam-Webster on rupee

Rhyming Dictionary: Words that rhyme with rupee

Spanish Central: Translation of rupee

Nglish: Translation of rupee for Spanish Speakers

Britannica.com: Encyclopedia article about rupee

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