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Exchange rate history of the Indian rupee. This is a list of tables showing the historical timeline of the exchange rate for the Indian rupee (INR) against the special drawing rights unit (SDR), United States dollar (USD), pound sterling (GBP), Deutsche mark (DM), euro (EUR) and Japanese yen (JPY). The rupee was worth one shilling and sixpence ...
The Indian rupee was a silver-based currency during much of the 19th century, which had severe consequences on the standard value of the currency, as stronger economies were on the gold standard. During British rule, and the first decade of independence, the rupee was subdivided into 16 annas.
Officially, the Indian rupee has a market-determined exchange rate. However, the Reserve Bank of India trades actively in the USD/INR currency market to impact effective exchange rates. Thus, the currency regime in place for the Indian rupee with respect to the US dollar is a de facto controlled exchange rate.
The Indian rupee was the official currency of Dubai and Qatar until 1959, when India created a new Gulf rupee (also known as the "external rupee") to hinder the smuggling of gold. [14] The Gulf rupee was legal tender until 1966, when India significantly devalued the Indian rupee and a new Qatar-Dubai riyal was established to provide economic ...
Approximately one-sixth of the national population was urban by 1950. [62] The US Dollar was exchanged at 4.97 Indian Rupees. In 1947, the year India gained Independence over the British Raj, 90% of India's population was rural and 55% lived below the international poverty line. [12]
PK (2014) was the first Indian film to collect ₹ 2 billion overseas, [ 24][ 25][ 26] and Dangal (2016) is the first Indian film to exceed ₹ 10 billion and $100 million overseas, [ 27] including ¥ 1.299 billion [ 28] ( $196.89 million) [ 29] from China. [ 27][ 30] Dangal became the 16th highest-grossing film in China, [ 31] the fifth ...
As of April 2023, India has 167 billionaires, which put the country third in the world, after the United States and China. [1] Mukesh Ambani the chairman and largest shareholder of Reliance Industries, has been the richest Indian for 14 consecutive years. [2] He is currently world's 10th richest person in the world according to Forbes. [3]
This fixed exchange rate was maintained until 11 May 1972, in which the rupee was devalued to Rs.11/- per dollar. [24] Initially, the Indian and Pakistani rupees were at parity until sterling was devalued in 1949, in which India followed suit but Pakistan did not. This caused the Pakistani rupee to be valued at a 44% premium to the Indian rupee ...