Puree wasted money (5)
I believe the answer is:
rupee
'money' is the definition.
(currency of India)
'puree wasted' is the wordplay.
'wasted' indicates an anagram.
'puree' is an anagram of 'RUPEE'.
(Other definitions for rupee that I've seen before include "foreign money" , "Lots of pies" , "Currency of the subcontinent" , "little money abroad" , "Indian currency unit" .)