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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 in sterling in 1947.
India was forced to sell dollars to the extent of close to US$35 billion in the spot markets in Financial Year 2009 due to 22% depreciation in rupee (against the dollar) in the same fiscal year 2009. In 2009, India purchased 200 tonnes of gold from the International Monetary Fund , worth US$6.7bn (€4.57bn, £4.10bn).
Thus, the currency regime in place for the Indian rupee with respect to the US dollar is a de facto controlled exchange rate. This is sometimes called a "managed float". On 9 May 2022, the Indian Rupee traded at ₹77.41 against the US dollar, hitting an all-time low. [79]
Fluctuations in commodity prices, interest rates, and international trade dynamics can affect reserves. High reserves provide a buffer against external shocks and ensure economic stability. [208] Reserves help the RBI manage the exchange rate of the Indian rupee.
The total bank deposits increased from ₹ 59.1 billion (equivalent to ₹ 2.8 trillion or US$33 billion in 2023) in 1970–71 to ₹ 38.31 trillion (equivalent to ₹ 96 trillion or US$1.1 trillion in 2023) in 2008–09. Despite an increase of rural branches – from 1,860 or 22% of the total in 1969 to 30,590 or 42% in 2007 – only 32,270 of ...
The sector received $712 million in funding in 2023, down from $2.9 billion in 2022 and $5.3 billion in 2021. Since schools reopened in 2021, demand has plummeted, causing startups to lay off ...
The pledged stock is worth about $95 billion at the current stock price. The proceeds of loans aren't generally treated as taxable income unless the loan is forgiven.
The foreign currency reserves is at US$652.9 billion as on 13 December 2024. It was US$619 billion as on 25 March 2022 compared to US$579 billion at the end of March 2021 & compared to over US$474 billion at the end of March 2020. Hence the foreign currency reserves as a ratio to external debt is at 96%.