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Dec 3, 2009
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Dictionary of Phrase and Fable—R

Rupee

A silver coin = 2s. English (a florin). A lac of rupees = 10,000 sterling. Since the depreciation of silver the value of a rupee is considerably less.

In 1870 an ounce of silver was worth 60 1/2d.; in 1876 it fell to 49d.; to-day (May, 1895) it is quoted between 58d. and 59d.; and at New York at 673/8d. per ounce.

Source: Dictionary of Phrase and Fable, E. Cobham Brewer, 1894
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