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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.
A foreign exchange spot transaction, also known as FX spot, is an agreement between two parties to buy one currency against selling another currency at an agreed price for settlement on the spot date. The exchange rate at which the transaction is done is called the spot exchange rate.
As well, "$2 notes were often returned to the Treasury with corners torn off, making them mutilated currency and unfit for reissue." So if you come across a $2 bill, go ahead and spend it. Or gift it.
In contrast, the gross national income at constant prices stood at over 128 trillion rupees. [2] According to a 2021 report by the Pew Research Center , India has roughly 1.2 billion lower-income individuals, 66 million middle-income individuals, 16 million upper-middle-income individuals, and barely 2 million in the high-income group. [ 3 ]
Between 2021 and 2024, the cost of these breaks grew from $1.2 trillion to nearly $2 trillion so there's plenty to go after. These carve-outs also make the tax code more complicated, less ...
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In 1980, India had foreign exchange reserves of over US$7 billion, more than double the level (U$2.55 billion) of what China had at that time. [8] In 1990, forex reserves covered just 4.8 weeks of imports [14] Foreign exchange reserves of India reached milestone of $100 billion mark only in 2004.
To hit $2.6 trillion - approaching the annual economic output of France - the world needs to close an annual gap of $278 billion, after just $66 billion was invested in 2022, the U.N. said.