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Essay on indian currency in english

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Essay on indian currency in english
Essay on indian currency in english
Essay on indian currency in english
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The history of Indian currency not only spans centuries but also boasts quite a fascinating past. T he rupee in your pocket has a mysterious past. Then came the Mauryas who punch marked their coins with a royal standard. Their example was followed for eight centuries. The Gupta Empire produced large numbers of gold coins depicting the Gupta kings performing various rituals. Despite many attempts to introduce the sterling pound in India, the rupaiya grew in popularity and was even exported as a currency to other British colonies.
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Chapter 5 Exchange Rate Systems questions 1. How can you quantify currency risk in a floating exchange rate system? Answer: To characterize the risk of a currency position, you must try to characterize the conditional distribution of the future exchange rate changes. With floating exchange rates, historical information provides useful information about this distribution. For example, you can use data to measure the average historical dispersion standard deviation or volatility.
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The Indian rupee derives its name from the rupiya, a silver coin first issued by Sultan Sher Shah Suri in the 16th century. Coins in India are issued in denominations of 50 paise, one rupee, two rupees, five rupees, and ten rupees. Paper currency or banknotes are issued in denominations of 5, 10, 20, 50, , , and 2, rupees. On the reverse side of paper rupees, denominations are printed in 15 languages, while denominations are printed in Hindi and English on the front side. The banknotes are updated frequently with new designs, including distinct differences from old Mahatma Gandhi Series of banknotes to the new ones of the same name.
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