Rupee, a silver coin of India, contains 16 annas and has varied from 2s. to 1s. 3d. in value. The closing of the Indian mints in 1893 made it a token coin of the nominal value of ls. 4d. sterling. The depreciation is a serious matter for Indian finance. 100,000 rupees equal a lac, and 10,000,000 a crore.