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 What does LAKH mean? Indian units regarding costs.

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sMiles
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Posts : 311
Join date : 2009-05-05

PostSubject: What does LAKH mean? Indian units regarding costs.   Wed May 13, 2009 1:59 pm

A clarification is needed about Indian units regarding costs.

1 lakh=100,000 rupees, so for example, 6.5 lakh=650,000 rupees
1 crore=10,000,000 rupees (not that you'd use this unit I hope)

Indians talk prices like this all the time, so get used to it! Very Happy
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karen



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Join date : 2009-05-07
Location : Ireland

PostSubject: Re: What does LAKH mean? Indian units regarding costs.   Wed May 27, 2009 12:43 am

hi sorry that is supposed to say how much is lakh to us dollar. Sorry for typo!
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sMiles
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Posts : 311
Join date : 2009-05-05

PostSubject: Re: What does LAKH mean? Indian units regarding costs.   Wed May 27, 2009 12:47 am

Hi Karen,

1 lakh which is 100,000 Indian rupees is approximately US$2000. The best place to look at the latest exchange rates is
www.xe.net

Also, just a reminder that you can edit your posts by clicking the Edit button to the right. :-)
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karen



Posts : 7
Join date : 2009-05-07
Location : Ireland

PostSubject: Re: What does LAKH mean? Indian units regarding costs.   Sun May 31, 2009 4:39 pm

Thanks so much for the currency and computer information. I am slowly learning in both areas!! Very Happy Thanks again, Karen
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