Check these out.. Top 10 international destinations for broke Indian travellers, put together solely on the basis of currency conversion rates that I happened to come across...
10. Iceland: 500 Krona = Rs325
09. Jamaica: 500 Dollars = Rs276
08. Sri Lanka: 500 Rupees = Rs176
07. Slovenia: 500 Tolar = Rs108
06. Yemen: 500 Rials = Rs99
05. Guyana: 500 Dollars = Rs97
04. South Korea: 500 Won = Rs21.56
03. Somalia: 500 Shillings = Rs14.23
02. Zambia: 500 Kwacha = Rs5.12
01. Turkmenistan: 500 Manat = Rs3.81


oh, and FYI, 1 CYP (Cyprus Pound) = Rs 96.38 (or, Rs500=CYP5.17...just in case anyone was beginning to gloat[:D])