Rupee \Ru*pee"\ (r[.u]*p[=e]"), n. [Hind. r[=u]piyah, fr. Skr. r[=u]pya silver, coined silver or gold, handsome.]

A silver coin, and money of account, in the East Indies.

Note: The valuation of the rupee of sixteen annas, the standard coin of India, by the United States Treasury department, varies from time to time with the price of silver. In 1889 it was rated at about thirty-two cents.

Source: Webster's Revised Unabridged Dictionary (1913)