Cryptic crossword clue
Indian princess managed extremes of elegance 5

The most common and most likely answer to this crossword clue is the 5 letter word RANEE

I've seen this crossword clue in The Daily Telegraph
R
A
N
E
E

Buddy explains!

The straight part
We know that "Indian princess" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case indian princess = ranee.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does RANEE mean?

RANEE noun
  1. The wife of a rajah.
  2. A Hindu princess or female ruler in India.

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