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Indian rupee |
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After the territory was captured by British forces in 1916 and removed from the Ottoman Empire, the British made the Indian rupee the official currency and retired the Ottoman pound. Using Rotary matching funds and a favorable exchange rate to the Indian rupee, the club has been able to turn its investment into $90,000 to buy school equipment, health care and science labs. Thus, whether they think Microsoft stock is overvalued or the Indian rupee is undervalued, hedge fund managers can place money anywhere they believe they'll earn big profits. |
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