Indian currency definition

Indian currency means Indian Rupees (INR).
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);
Indian currency means the currency of Government of India.

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.

  • Prices shall be quoted in Indian Rupees; Bids quoted other than Indian currency will be rejected.

  • The resultant gains thereafter need to be reconverted into 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.

  • 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.

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

  • 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.

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

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


More Definitions of Indian currency

Indian currency means any currency which is legal tender in India.
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)
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);
Indian currency shall have the meaning as assigned to it in section 2 of the Foreign Exchange Management Act, 1999;

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.

  • Domestic Currency means the currency specified as such and any successor currency. If no currency is so specified, the Domestic Currency shall be the lawful currency and any successor currency of (i) the relevant Reference Entity, if the Reference Entity is a Sovereign, or (ii) the jurisdiction in which the relevant Reference Entity is organised, if the Reference Entity is not a Sovereign. In no event shall Domestic Currency include any successor currency if such successor currency is the lawful currency of any of Canada, Japan, Switzerland, the United Kingdom or the United States of America or the euro (or any successor currency to any such currency).

  • 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, currency unit or composite currency, including, without limitation, the euro, issued by the government of one or more countries other than the United States of America or by any recognized confederation or association of such governments.

  • 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 lawful currency other than Dollars that is readily available, freely transferable and convertible into Dollars in the international interbank market available to the Lenders in such market and as to which a Dollar Equivalent may be readily calculated. If, after the designation by the Lenders of any currency as an Alternative Currency, any change in currency controls or exchange regulations or any change in the national or international financial, political or economic conditions are imposed in the country in which such currency is issued, result in, in the reasonable opinion of the Administrative Agent (in the case of any Loans to be denominated in an Alternative Currency) or the L/C Issuers (in the case of any Letter of Credit to be denominated in an Alternative Currency), (a) such currency no longer being readily available, freely transferable and convertible into Dollars, (b) a Dollar Equivalent is no longer readily calculable with respect to such currency, (c) providing such currency is impracticable for the Lenders or (d) no longer a currency in which the Required Lenders are willing to make such Credit Extensions (each of clauses (a), (b), (c), and (d) a “Disqualifying Event”), then the Administrative Agent shall promptly notify the Lenders and the Company, and such country’s currency shall no longer be an Alternative Currency until such time as the Disqualifying Event(s) no longer exist. Within five (5) Business Days after receipt of such notice from the Administrative Agent, the Borrowers shall repay all Loans in such currency to which the Disqualifying Event applies or convert such Loans into the Dollar Equivalent of Loans in Dollars, subject to the other terms contained herein.

  • Issue Currency or "SEK" means Swedish Krona. "Launch Date" means 04 March 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 assigned to such term in Section 8.12.

  • National Currency Unit means the unit of currency (other than a euro unit) of a participating member state;

  • 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.