The Reserve Bank of India allows most Indian residents and nonresidents to carry Indian currency notes up to 25,000 rupees, as of January 2015. Citizens of Pakistan and Bangladesh are not allowed to carry Indian currency, nor can residents traveling to Nepal and Bhutan carry Indian currency.Continue Reading
Prior to June 2014, nonresidents were not allowed to take out or bring in Indian currency. In September 2013, the UAE's Central Bank requested all banks to advise their customers not to carry rupees into India.
Other currencies can be brought and exchanged. As of February 2014, foreign exchange can be brought into India by nonresidents, but amounts greater than 5,000 rupees are required to be declared.Learn more about Currency & Conversions
One rupee crore, as of 2014, is approximately equivalent to $163,720, using the exchange rate of 61.07 rupees per U.S. dollar. In the south Asian numbering system, a crore is equivalent to 10 million.Full Answer >
To convert Indian lakhs to dollars, multiply the number of lakhs by 100,000 to get the number of rupees, and then divide that number by the current exchange rate of Indian rupees to Unites States dollars. As of May 2015, 1 USD is equal to about 64 Indian rupees, according to Dollars 2 Rupees.Full Answer >
Lacs are converted to rupees by multiplying the amount of lacs by 100,000, because one lac is equal to 100,000 rupees. In India, Pakistan, Bangladesh, Nepal, Sri Lanka and other countries that use rupees, lacs are often used to count large amounts of currency.Full Answer >
Reuters reports that there are 100,000 rupees in a lakh. Rupees are the primary unit of currency in India, a country with 1.27 billion people.Full Answer >