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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 until the Pakistani rupee was devalued in 1955, returning to parity with the Indian rupee.
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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]
3000 Rupee Coin May 9, 1977 Wild Life Conservation Day Gold: Gold 90% ; Silver 10% The coin shall be round with 160 serrations, diameter of 34 mm and 33.437 grams (+ 0.420 based upon the average of a sample of 33 coins - 0.000) 902 and 373 proofs. (33.437 grams (1.1795 oz)) 4- (a) 1 Rupee Coin December 8, 1977 Birth Anniversary of Allama Iqbal
Data from 1971 to 1991–92 are based on official exchange rates. Data from 1992 to 1993 onward are based on FEDAI (Foreign Exchange Dealers' Association of India) indicative rates. Data from 1971 to 1972–73 for the Deutsche Mark and the Japanese Yen are cross rates with the US Dollar. The Euro replaced the Deutsche Mark w.e.f. January 1, 1999.
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 ...
In an online conversation about aging adults, Google's Gemini AI chatbot responded with a threatening message, telling the user to "please die."
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