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Converting the Dollar amount into Indian rupees is heavily performed in modern times. The conversion of one currency into another is a necessary process in the current globalized world. It forms a basis for transnational business operations. To convert one million and one billion into Indian Rupees, one must multiply the corresponding amounts by the currency rate in effect right now. Please be aware that exchange rates are subject to change, so the precise conversion may differ based on the rate in effect at any given time. In this article, we will understand the concept of converting 1 Million dollars in Rupees and 1 Billion dollars in Rupees.
1 Million and 1 Billion Dollars in Rupees
1 million and 1 billion dollars in Indian Rupee: 1 million and 1 billion are the US counting measures (international counting measures), whereas 1 lakh and 1 crore are Indian counting measures. If we know the relation between the two counting measures, then we can establish a connection between the currency of the two nations, i.e. Dollar and Rupee for US and India respectively.
1 Million Dollars in Rupees Means
In India, we use lakh and crore after thousand whereas in US system, Million and Billion is used after thousand.
In India 1 lakh is equal to 100 thousands, and hence,
1 lakh = 1,00,000
whereas, in US 1 million is equal to 1000 thousand, and hence,
1 million = 1,000,000
Therefore, by comparing the two counting systems, we come to the conclusion that 1 million is equal to 10 lakh in Indian system.
Therefore,
1 Million Dollars in Rupees = 10 Lakh INR in India |
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1 Billion Dollars in Rupees Means
In India, we use lakh and crore after thousand whereas in US system, Million and Billion is used after thousand.
In India, 1 crore is equal to 100 lakhs, and hence,
1 crore = 1,00,00,000
and 1 billion is equal to 1000 million, and hence,
1 billion = 1,000,000,000
Therefore, by comparing the two counting systems, we come to the conclusion that 1 billion is equal to 100 crore in Indian system.
Therefore,
1 billion dollars in Rupees = 100 crore in India |
1 Million Dollar in Rupees Exact Value in INR
Above we already established the relation that 1 million is equal to 10 lakh in Indian system. But, for conversion from Dollar to rupees we need to know the conversion rate between the two currencies. The rate keeps changing on daily basis, but for convenience, we will take the conversion rate as,
1 USD = 81 INR
[USD– US Dollars and INR– Indian Rupees]
Therefore,
1 million dollars in Indian rupees equal to,
1 Million dollar in rupees = 8.1 million INR = 8.1 crore INR |
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1 Billion Dollars in Rupees words Exact value in INR
Above we already established the relation that 1 billion is equal to 100 crore in Indian system. But, for conversion from Dollar to rupees we need to know the conversion rate between the two currencies. The rate keeps changing on daily basis, but for convenience, we will take the conversion rate as,
1 USD = 81 INR
[USD– US Dollars and INR– Indian Rupees]
Therefore,
1 billion dollars in Indian rupees equal to,
1 billion USD in Rupees = 8.1 billion INR = 8100 crore INR |
1 Billion in Rupees
1 Billion is equal to 10,000 lakhs. Therefore, 1 Billion in rupees = Rs. 10,000 lakhs.
1 Million in Rupees
The value of 1 million is 10 lakhs in Indian rupees or 1 thousand thousand. One million is abbreviated as m (i.e., million).
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