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RUPEE, comm. law. A denomination of money in Bengal. In the computation of ad valorem duties, it is valued at fifty-five and one half cents. Act of March 2, 1799, s. 61; 1 Story's L. U. S. 627. Vide Foreign coins.
     2. The rupee of British India as money of account at the custom-house, shall be deemed and taken to be of the value of forty-four and one half cents. Act of March 3, 1848.

References in periodicals archive ?
Sudhesh Giriyan, COO, Xpress Money, said: "The current level of the rupee is very attractive for customers, especially white collar remitters, to send money home.
Like Hema, many Indian expats in the UAE are not as excited with the current weakness in the rupee compared to the third quarter of last year.
An analyst said, ' The weakness in the rupee doesn't reflect disappointment over the new government's performance.
Rupee options contracts launched by Indian exchanges have proven to be highly successful, which augurs well for the success of the DGCX Rupee options contract.
Pilgrims coming through the government Haj scheme, however, will not have to pay extra on account of the falling rupee.
Crisil also said in its research report that rupee would recover from a lower CAD and foreign capital inflows.
In a bid to provide support to the flailing rupee, India's central bank institution, the Reserve Bank of India, has undertaken immediate measures.
From students who were planning to settle down in foreign nations to those who had plans to vacation abroad, all have been affected by the weak value of the rupee.
Sudhir Kumar Shetty, chief operating officer, Global Operations, UAE Exchange, said the scarcity of the dollar in the market, due to the control on dollar flow, had brought the rupee to its all-time low.
The smaller size of the contract will support retail remitters, individual investors and small and medium-sized businesses (SMEs) in cost-effectively managing currency risk exposure to the Indian Rupee.
Despite the RBIs intervention, the rupee has reached its all-time low.
A steady fall in the value of the Indian rupee against the US dollar over the last one month has sparked a flurry of remittance from Qatar, which has its currency pegged to the Greenback," said Zubair Abdul Rahman, operations manager at the Al Zaman Exchange.