#Indian rupee to dollar pdf
#Indian rupee to dollar update
#Indian rupee to dollar registration
#Indian rupee to dollar download

The US dollar was worth в‚№3 in 1947 not 1, and в‚№69.9 in 2018.

IAF AFCAT 2 Final Result 2021 (Declared) at 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).

#Indian rupee to dollar download

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#Indian rupee to dollar pdf

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#Indian rupee to dollar registration

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The History of the Indian Currency Notes and its Evolution Devaluation of currency makes export cheaper and import costlier which ultimately improves the Balance of Payment of the domestic country.

Indian currency history tells that devaluation of Indian Rupee helped Indian economy in every crisis. vs USD since 1947 till 2015 is given in the table below:

Image source:All these factors caused that the value of Indian currency is hovering around 1USD= 66 INR in 2016.

Inelastic import bill of petroleum products.

Other Reasons: Experts are saying that the value of Indian rupee has not depreciated but in fact the value of Dollar has appreciated due to expectations against US that US Federal Bank might increase the interest rates. So to tackle all these problems government devalued Indian currency again and the exchange rate became 1 USD = 24.58 INR During this phase fiscal deficit was 7.8 % of GDP, interest payment was eating 39% of the total revenue collection of the government, Current Account Deficit (CAD)was 3.69% of GDP and WPI inflation was hovering around 14%, India was about to be declared defaulter by the international community. Economic Crisis of 1991: It is claimed as the toughest time for Indian economy. Hence all these cases bring the exchange rate at USD = 12.34 INR in 1985 and in the 1990 it became to 1 USD = 17.50 INR.Д¤. Indira Gandhi also reduced the confidence of foreigners in the Indian economy. So to pay this import bill India borrowed foreign currency which reduced the value of Indian currency. Political Instability and Oil Shock of 1973: Oil shock of 1973 caused when the Organization of Arab Petroleum Exporting Countries (OAPEC) decided to cut the crude oil production which further increased the oil import bill. Image source:To increase the domestic production scenario, Indian government needed technology, to have technology and to tackle higher inflation and to open the Indian economy for foreign trade, government devalued external value of rupee and nowДЈ.

India- China war of 1962, Indo-Pakistan war of 1965 and huge drought in 1966, crippled the production capacity of the Indian economy so inflation increased in the economy. War with China and Pakistan: Indian government was facing budget deficit and was in a state that it could not borrow more additional loan from outside due to negative rate of savings. Now the exchange rate became 1$= Rs.4.75Дў. Between1950s to 1960s, Indian government continuously borrowed foreign money in the form of loan. Lack of Fund in the hands of the Government: In the situation of wealth crunch, Prime Minister Nehru adopted model of five year plans from Russia.