Finance, Forex and Investments

What does 'lac' mean in India currency?

How much is '1.60' lacs per annum ? I receive some resumes and the Indian applicants states this for 'current salary. How much is that?

Public Comments

1. 1,00,000 RS
2. 1 lac=100,000 ruppes 160,000 Indian Rupee = 3,621.50 US Dollar
3. 10 lac means 1 Million, calculate yourself.