Indian currency definition

Indian currency means Indian Rupees (INR).
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Indian currency means currency which is expressed or drawn in Indian rupees but does not include special bank notes and special one rupee notes issued under section 28A of the Reserve Bank of India Act, 1934 (2 of 1934);
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Indian currency means the currency of Government of India.
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Examples of Indian currency in a sentence

  • Bidding will be conducted in Indian currency & Unit of Measurement will be displayed in Online E-tendering.

  • Indian agents commission if applicable will be payable only in Indian currency.

  • Demand draft may also be issued after deduction of bank commission charges if requested by the Contractor.All payment shall be made in Indian currency only.

  • Bidding will be conducted in Indian currency & Unit of Measurement will be displayed in Online- tendering.

  • Bidding will be conducted in Indian currency & Unit of Measurement will be displayed in Online Auction.

  • If quoted in foreign currency, the same will be converted into Indian currency at the average exchange rate of RBI on the date of opening of Tender.

  • All claims under the policy shall be payable in Indian currency only.

  • Incase the CONTRACT stipulates erection at the Indian site the charges for erection will be paid only in Indian currency.

  • The rate of the commission included in the quoted rates of bidder should be indicated which would be payable to Agent/Representative/Retainer/Associate in non-convertible Indian currency according to Import Trade Regulation of India.

  • All the payments against the work order shall be in Indian currency and payable through cheque only.


More Definitions of Indian currency

Indian currency means any currency which is legal tender in India.
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Indian currency means currency which is expressed or drawn in Indian rupees but does not include special bank notes and special one rupee notes issued under section 28A of Reserve Bank of India Act, 1934 (these are issued on special occasions like Gandhi centenary etc.). (Section 2(q) FEMA)
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Indian currency shall have the meaning as assigned to it in section 2 of the Foreign Exchange Management Act, 1999;
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Indian currency means currency which isexpressed or drawn in Indian rupees but does not include special bank notes and specialone rupee notes issued under section 28A of the Reserve Bank of India Act, 1934 (2 of1934);
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Related to Indian currency

  • First Currency has the meaning specified in Section 1.15.

  • Fiat Currency means currency issued by the relevant body in a country or by a government that is designated as legal tender in its country of issuance through amongst other things, government decree, regulation, or law;

  • Denomination Currency has the meaning specified in Section 14(b).

  • Termination Currency means United States Dollars.

  • Obligation Currency shall have the meaning assigned to such term in Section 11.18(a).

  • National Currency means the currency, other than the Euro, of a Participating Member State.

  • Optional Currency means a currency (other than the Base Currency) which complies with the conditions set out in Clause 4.3 (Conditions relating to Optional Currencies).

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Foreign Currency means any currency other than the currency of Kenya;

  • Base Currency means the first currency in the Currency Pair against which the Client buys or sells the Quote Currency.

  • Class Currency means the currency in which a Share Class of a Fund is designated as determined by the Directors and disclosed in the Prospectus in relation to such Fund.

  • Quote Currency means the second currency in the Currency Pair which can be bought or sold by the Client for the Base Currency.

  • Applicable Currency means, as to any particular payment or Loan, Dollars or the Offshore Currency in which it is denominated or is payable.

  • Eligible Currency means any currency other than Dollars (i) that is readily available, (ii) that is freely traded, (iii) in which deposits are customarily offered to banks in the London interbank market, (iv) that is convertible into Dollars in the international interbank market and (v) as to which a Dollar Equivalent Amount may be readily calculated. If, after the designation by the Revolving Credit Lenders of any currency as an Agreed Currency, (x) currency control or other exchange regulations are imposed in the country in which such currency is issued with the result that different types of such currency are introduced, (y) such currency is, in the reasonable determination of the Administrative Agent, no longer readily available or freely traded or (z) in the reasonable determination of the Administrative Agent, a Dollar Equivalent Amount of such currency is not readily calculable, the Administrative Agent shall promptly notify the Lenders and the Company, and such currency shall no longer be an Agreed Currency until such time as all of the Revolving Credit Lenders agree to reinstate such currency as an Agreed Currency and promptly, but in any event within five Business Days of receipt of such notice from the Administrative Agent, the Borrower shall repay all Loans in such affected currency or convert such Loans into Loans in Dollars or another Agreed Currency, subject to the other terms set forth in Article II.

  • Issue Currency or "SEK" means Swedish Krona. "Launch Date" means 12 January 2022.

  • Original Currency has the meaning assigned to such term in Section 2.17.

  • Virtual currency means a digital representation of value used as a medium of exchange, unit of account, or store of value, which does not have legal tender status recognized by the United States. The term does not include:

  • Relevant Currency means the currency specified as such or, if none is specified, the currency in which the Notes are denominated;

  • Other Currency has the meaning specified in Section 1.15.

  • National Currency Unit means the unit of the currency of a country as those units are defined on the day before the start of the third stage of European Economic and Monetary Union pursuant to the Treaty or, in connection with the expansion of such third stage, to any country which has not initially participated in such third stage; and

  • Index Currency means USD.

  • Primary Currency has the meaning specified in Section 9.11(c).

  • Approved Currency means each of Dollars and each Alternative Currency.

  • Available Currency means Dollars, and any other currency as the relevant Borrower, each of the relevant Revolving Credit Lenders or the relevant Term Lenders, as the case may be, and the Administrative Agent may agree to from time to time.

  • Underlying Currency means the Underlying Currency as specified in § 2 of the Product and Underlying Data.

  • Offshore Currency means any lawful currency (other than dollars) that the relevant Issuing Bank with respect to any Offshore Currency Letter of Credit, in its sole reasonable opinion, at any time determines to be (a) freely traded in the offshore interbank foreign exchange markets, (b) freely transferable and (c) freely convertible into dollars.