Product cost displayed wrong

[TestUser007]

Hi;

I have set Indian Rupees as default currency;
But when add a product the value is calculated for dollars and shown
ex:
product cost is 10 rupees
but it is shown in product preview page as 470.68 .

How can i fix this issue?

[TestUser007]

After Inserting all currencies(One currency must be Default)
You should Click on the Update Currencies Button