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Just one US dollar is equivalent to approximately 62 Indian rupees, and conversely 1 rupee is equivalent to $0.02. Indians use the word Lakh to denote 1,000,000. If we multiply this number by 50 (given in your question), we will get 50,000,000 rupees. If we multiply this by the US dollar conversion (0.02), we will get our answer: $1,000,000.

Hi Jenny,

Your answer is definitively wrong. 1 lakh is 1.00.000 and not 1.000.000. So 50 lakhs are 5 Mio. Rupees and hence 100.000USD. I mean the use of lakh is so complicated to us because it is not as easy as you explaine it :)

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10y ago

What else can I help you with?