One lakh, equivalent to 100,000 rupees, is equal to $1498.21 U.S. dollars. The lakh is a Hindi term used throughout southern Asia to refer to 100,000 of something, but it most commonly refers to large amounts of Indian rupees.
Officially, the lakh is used in India, Pakistan, Myanmar, Nepal, Bangladesh, and Sri Lanka. The singular and plural forms of lakh are inconsistent in Indian and Pakistani English; the pluralizing “s” may or may not be added to the word lakh. “five lakh rupees” and “five lakh rupees” are both acceptable alternatives.