History
The escudo replaced the rúpia at the rate of 1 rúpia = 6 escudos. This was due to the respective values of the Indian rupee (to which the rúpia was pegged) and the Portuguese escudo, with 1 rupee = 18 British pence and 1 escudo = 3 pence. After Portuguese India was annexed by the Republic of India in 1961, the escudo was replaced by the Indian rupee.
Read more about this topic: Portuguese Indian Escudo
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