From Classic Encyclopedia 1911
CRORE (Hindustani karor), an Anglo-Indian term for a hundred lakhs or ten million. It is in common use for statistics of trade and especially coinage. In the days when the rupee was worth its face value of 2S. a crore of rupees was exactly worth a million sterling, but now that the rupee is fixed at 15 to the LI, a crore is only worth £666,666.