Indian rupee in the context of "Uttrakhand"

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⭐ Core Definition: Indian rupee

The Indian rupee (symbol: ; code: INR) is the official currency of India. The rupee is subdivided into 100 paise (singular: paisa). The issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank derives this role from powers vested to it by the Reserve Bank of India Act, 1934.

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Indian rupee in the context of Monetary union

A currency union (also known as monetary union) is an intergovernmental agreement that involves two or more states sharing the same currency. These states may not necessarily have any further integration (such as an economic and monetary union, which would have, in addition, a customs union and a single market).

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Indian rupee in the context of Uttar Pradesh

Uttar Pradesh (UTT-ər prə-DESH, abbr. UP; Hindi: Uttar Pradēś, pronounced [ˈʊtːəɾ pɾəˈdeːʃ] , lit.'Northern Province') is a state in northern India. With over 241 million inhabitants, it is the most populated state in India as well as the most populous country subdivision in the world – more populous than all but four other countries outside of India (China, United States, Indonesia, and Pakistan) – and accounting for 16.5 per cent of the population of India or around 3 per cent of the total world population. The state is bordered by Rajasthan to the west, Haryana, Himachal Pradesh and Delhi to the northwest, Uttarakhand and Nepal to the north, Bihar to the east, Madhya Pradesh, Chhattisgarh and Jharkhand to the south. It is the fourth-largest Indian state by area covering 243,286 km (93,933 sq mi), accounting for 7.3 per cent of the total area of India. Lucknow serves as the state capital, with Prayagraj being the judicial capital. It is divided into 18 divisions and 75 districts.

Uttar Pradesh was established in 1950 after India had become a republic. It is a successor to the United Provinces, established in 1935 by renaming the United Provinces of Agra and Oudh, in turn established in 1902 from the North-Western Provinces and the Oudh Province. Though long known for sugar production, the state's economy is now dominated by the services industry. The service sector comprises travel and tourism, hotel industry, real estate, insurance and financial consultancies. The economy of Uttar Pradesh is the third-largest state economy in India, with 18.63 lakh crore (US$220 billion) in gross domestic product and a per capita GSDP of 68,810 (US$810). The High Court of the state is located in Prayagraj. The state plays an important role in national politics, sending 80 seats to the lower house Lok Sabha and 31 seats to the upper house Rajya Sabha.

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Indian rupee in the context of Narendra Modi Stadium

Narendra Modi Stadium is a cricket ground in Motera, Ahmedabad, Gujarat, India. With a total capacity of 132,000, it is the world's largest cricket stadium and the largest overall stadium in the world by capacity, It is owned by the Gujarat Cricket Association, and hosts both domestic and international cricket matches. The stadium has hosted several high-profile matches, such as the 2023 One Day International World Cup final. The stadium will be used for the 2030 Commonwealth Games. It is named after the Prime Minister of India, Narendra Modi.

It replaced the Sardar Patel Gujarat Stadium, which hosted domestic and international cricket in the city until its demolition in 2015, including the 1987, 1996, and 2011 Cricket World Cups. In 2014, it was decided that a new stadium should be built on the same plot. The new stadium, originally named Motera Stadium, was designed by Populous and built by Larsen and Toubro. It took five years to build, at an estimated cost of 800 crore (US$95 million). After completion, the new arena replaced the Melbourne Cricket Ground as the world's largest cricket stadium. The stadium has four dressing rooms, 11 centre pitches, and two practice grounds. The practice grounds can also serve as venues for domestic matches.

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Indian rupee in the context of List of countries by foreign-exchange reserves

Foreign exchange reserves, also called Forex reserves, in a strict sense, are foreign-currency deposits held by nationals and monetary authorities. However, in popular usage and in the list below, it also includes gold reserves, special drawing rights (SDRs) and IMF reserve position because this total figure, which is usually more accurately termed as official reserves or international reserves or official international reserves, is more readily available and also arguably more meaningful. These foreign-currency deposits are the financial assets of the central banks and monetary authorities that are held in different reserve currencies (e.g., the U.S. dollar, the euro, the pound sterling, the Japanese yen, the Indian rupee, the Swiss franc, and the Chinese renminbi) and which are used to back its liabilities (e.g., the local currency issued and the various bank reserves deposited with the Central bank by the government or financial institutions). Before the end of the gold standard, gold was the preferred reserve currency.

Foreign-exchange reserves is generally used to intervene in the foreign exchange market to stabilize or influence the value of a country's currency. Central banks can buy or sell foreign currency to influence exchange rates directly. For example, if a currency is depreciating, a central bank can sell its reserves in foreign currency to buy its own currency, creating demand and helping to stabilize its value. High levels of reserves instill confidence among investors and traders. If market participants believe that a country has sufficient reserves to support its currency, they are less likely to engage in speculative attacks that could lead to a sharp depreciation. In times of economic uncertainty or financial market volatility, central banks can use reserves to smooth out fluctuations in the exchange rate, reducing the impact of sudden capital outflows or shocks to the economy. Adequate reserves ensure that a country can meet its international payment obligations, which helps maintain a stable exchange rate by preventing panic in the foreign exchange market. Having substantial reserves allows central banks to implement monetary policies more effectively. They can afford to maintain interest rates or engage in other measures without the immediate fear of depleting reserves, which can influence market expectations positively.

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Indian rupee in the context of Haryana

Haryana (Hindi: Hariyāṇā, pronounced [ɦəɾɪːˈaːɳɑɐː]) is a state located in the northwestern part of India. It was carved out after the linguistic reorganisation of Punjab on 1 November 1966. It is ranked 21st in terms of area, with less than 1.4% (44,212 km or 17,070 sq mi) of India's land area. The state capital is Chandigarh, which it shares with the neighbouring state of Punjab; the most populous city is Faridabad, a part of the National Capital Region. The city of Gurgaon is among India's largest financial and technology hubs. Haryana has 6 administrative divisions, 22 districts, 72 sub-divisions, 93 revenue tehsils, 50 sub-tehsils, 140 community development blocks, 154 cities and towns, 7,356 villages, and 6,222 villages panchayats.

Haryana contains 32 special economic zones (SEZs), mainly located within the industrial corridor projects connecting the National Capital Region. Gurgaon is considered one of the major information technology and automobile hubs of India. Haryana ranks 11th among Indian states in human development index. The economy of Haryana is the 13th largest in India, with a gross state domestic product (GSDP) of 7.65 trillion (US$90 billion) and has the country's 5th-highest GSDP per capita of 240,000 (US$2,800).

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Indian rupee in the context of Uttarakhand

Uttarakhand (Hindi: Uttarākhaṇḍ, pronounced [ˈʊt̪ːəɾaːkʰəɳɖ], lit.'Northern Land'), also known as Uttaranchal (English: /ˌʊtəˈrænəl/; the official name until 2007), is a state in northern India. The state is bordered by Himachal Pradesh to the northwest, China to the north, Nepal to the east and Uttar Pradesh to the south. Uttarakhand has a total area of 53,483 km (20,650 sq mi), equal to 1.6% of the total area of India. Dehradun serves as the state capital, with Nainital being the judicial capital. The state is divided into two divisions, Garhwal and Kumaon, with a total of 13 districts. The forest cover in the state is 45.4% of the state's geographical area. The cultivable area is 16% of the total geographical area. The two major rivers of the state, the Ganges and its tributary Yamuna, originate from the Gangotri and Yamunotri glaciers respectively. Ranked 6th among the Top 10 Greenest States in India with Best AQI.

Uttarakhand's history dates back to prehistoric times, with archaeological evidence showcasing human habitation. It was part of the ancient Kuru and the Panchal kingdoms during the Vedic age, and later saw the rise of dynasties like the Kunindas and influence of Buddhism as evidenced by Ashokan edicts. Though primarily driven by agriculture and hydropower, the state's economy is now dominated by the service industry. The service sector comprises primarily travel, tourism, and hotel industry. The Gross State Domestic Product (GSDP) of Uttarakhand is 3.78 lakh crore (US$45 billion). The state contributes five seats to the lower house Lok Sabha and three seats to the upper house Rajya Sabha.

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Indian rupee in the context of Lakh

A lakh (/læk, lɑːk/; abbreviated L; sometimes written lac) is a unit in the Indian numbering system equal to one hundred thousand (100,000; scientific notation: 10). In the Indian 2, 2, 3 convention of digit grouping, it is written as 1,00,000. For example, in India, 150,000 rupees becomes 1.5 lakh rupees, written as 1,50,000 or INR 1,50,000.

It is widely used both in official and other contexts in Afghanistan, Bangladesh, Bhutan, India, Myanmar, Nepal, Pakistan, and Sri Lanka. It is often used in Bangladeshi, Indian, Pakistani, and Sri Lankan English.

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Indian rupee in the context of Taj Mahal

The Taj Mahal (/ˌtɑː məˈhɑːl, ˌtɑːʒ -/ TAHJ mə-HAHL, TAHZH -⁠; Hindustani: [taːdʒ ˈmɛɦ(ɛ)l]; lit.'Crown of the Palace') is an ivory-white marble mausoleum on the right bank of the river Yamuna in Agra, Uttar Pradesh, India. It was commissioned in 1631 by the fifth Mughal emperor, Shah Jahan (r. 1628–1658), to house the tomb of his beloved wife, Mumtaz Mahal; it also houses the tomb of Shah Jahan himself. The tomb is the centrepiece of a 17-hectare (42-acre) complex, which includes a mosque and a guest house, and is set in formal gardens bounded on three sides by a crenellated wall.

Construction of the mausoleum was completed in 1648, but work continued on other phases of the project for another five years. The first ceremony held at the mausoleum was an observance by Shah Jahan, on 6 February 1643, of the 12th anniversary of the death of Mumtaz Mahal. The Taj Mahal complex is believed to have been completed in its entirety in 1653 at a cost estimated at the time to be around 32 million, which in 2015 would be approximately 52.8 billion (US$827 million).

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