German possibly exchanging a rupee note, half torn (8)
I believe the answer is:
european
'german possibly' is the definition.
(german is a kind of European)
'a rupee note half torn' is the wordplay.
'half' means to take half the letters.
'torn' is an anagram indicator.
'note' with half the letters taken is 'no'.
'a'+'rupee'+'no'='arupeeno'
'arupeeno' is an anagram of 'EUROPEAN'.
'exchanging' acts as a link.
I am not very happy about this link. It may be part of another bit of the clue.
Can you help me to learn more?
(Other definitions for european that I've seen before include "The E of the EU" , "Anti-UKIP" , "The continental is a pure one" , "possibly from Italy" , "Of a certain continent" .)