[c#] format a number with commas and decimals in C# (asp.net MVC3)

string Mynewcurrency = DisplayIndianCurrency("7743450.00");
        private string DisplayIndianCurrency(string EXruppesformate) 
        { 
        string fare = EXruppesformate;
        decimal parsed = decimal.Parse(fare, CultureInfo.InvariantCulture);
        CultureInfo hindi = new CultureInfo("en-IN");
     // string text = string.Format(hindi, "{0:c}", parsed);if you want <b>Rs 77,43,450.00</b>
    string text = string.Format(hindi, "{0:N}", parsed); //if you want <b>77,43,450.00</b>
      return ruppesformate = text;
    }

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