What is Indian Rupee

Before telling you the meaning of Indian Rupee, I want to tell interesting story behind writing and explaining the meaning of Indian Rupee.

We all know that Indian rupee is falling fastly in these days against USA Dollar. So, every Indian is in the tension for increasing the value of Indian rupee.  But today, a very wonderful thing happened. I was coming from a city on the bus. A businessman was seated just back of my seat. Now, he started to talk with his business partner, "Oh My Dear Business partner, start to sell all products at double rate because today is $ 1 = Rs. 65. This is good opportunities and good time for us and bring all stock from our store and start at double rate." It means, if his product is of Rs. 10,000 (Include the profit) , start it to sell at Rs. 20,000 ( Normal profit + Black profit). One more thing which I listened, he was talking about store where he kept the stock for earning black profit.

After listening his talking, I was thinking

Q:- Does he know the meaning of Indian Rupee? 

Ans. I think, he does not know the meaning of Indian Rupee. He is so selfish person to increase his profit at any cost.

Q:- Does he want to increase the value of Indian Rupee against USA Dollar?

Ans. I think, he does not want to increase the value of Indian Rupee against USA Dollar. I think, he is just Indian from body and soul of USA.

Indian rupee symbol

As per Reserve Bank of India, " The Indian currency is called the Indian Rupee (INR) and the coins are called paise. One Rupee consists of 100 paise."
As per this definition, we find two things.

a) One is currency and b) Second is Indian

Currency is helpful to exchanges of goods and services. Indian currency will helpful to exchange of goods and services of India. We can also compare with other countries currencies when we do business with other countries. When we will do business with USA Country, we compare Indian rupee with USA Dollar.

If we open our Indian's past history, we find that Indian rupee was equal to one Gold coin. Suppose, it was 10 Gram., then as per current value of 10 Gram. Gold, Indian One Rupee is equal to $ 494.07. In reality gold is gold. So, If I have to define Indian rupee, I will say Indian Rupee is power currency in the world which can buy $ 494.07 within seconds.

But it is the sad news for all Indians that Gold does not use for making Indian one rupee or different denominations of Indian rupees. We cut the trees and make paper currencies and used in Indian market for buying and selling anything.

Now, it is the time, we have to go to our past. In past India, there was zero corruption. Indian was honest. They live together in the unity. They loved each other. But, today is different story. Indians have become corrupted. They are dishonest. One example is given in above story. Above businessman represent common Indian. One side, we are seeing big corruption in India, due to this, Indian economy is falling fastly. Second side, above businessmen start their new game for colliding with Indian economy. In above example, businessman is selling his each product at Rs. 10,000 and earning his profit honestly. But, he became cheater of the world. He kept big stock of his products for getting black money with  the selling double at the price by just saying Indian Rupee is falling fastly.

 I think, such Indians do not love India as their mother. These people are the  gangrene disease which are increasing the number of dead tissue and one day, our Mother India's hand will cut or our mother India may die. So, if we have to save our mother India, we have to increase the strength of Our Indian Rupee. We have to become honest. We should not play the game of gambling by increasing prices in Indian market when Indian Rupee is falling in short period. 

Related : Why is Rupee Falling Against USA Dollar?


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Accounting Education: What is Indian Rupee
What is Indian Rupee
Accounting Education
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