On the receipt of many queries from our visitors regarding conversion of Lakhs and Crores to Millions and Billions, this conversion table has been provided for ready reference.
To convert a Rupee amount (given in Crores), into its corresponding Dollar amount in Millions, divide the rupee Amount by "Spot Rate", the Current Dollar Rupee rate multiplied by 10.
Thus, Rs 4 Cr = Rs 4,00,00,000/- = 4,00,00,000 / 40 = USD 1 million (assuming the Dollar Rupee Spot rate to be Rs. 40/$
Similarly, Rs 16 Cr = USD 4 million
The idea behind providing this rough and ready conversion method is to help foreigners who may be reading textual articles or financial statements (where amounts are mentioned as "so-many" Crores) in converting these amounts into equivalent Million Dollars.
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Please find below our views on this subject which appeared on Economic Times on 3rd January 2005