• Lexam@lemmy.world
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    4 days ago

    Could somebody familiar with Indian currency do an exchange rate? The converter I found said 5lak is only $.06 USD.

    • Syl@lemmy.blahaj.zone
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      4 days ago

      A lakh is 100,000.

      500,000 INR is $5900 USD or 5200 euros.

      I tried a purchasing power comparing website since goods and services are cheaper in India and salaries are lower. It says the purchasing power of 500,000 INR in India is equivalent to the purchasing power of $24,700 USD in the US.