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US dollar-Pakistani rupee exchange rate. Between 1948 and July 1955, the Pakistani rupee was effectively pegged to the U.S. dollar at approximately Rs.3/31 per U.S. dollar. Afterwards, this was changed to approximately Rs.4/76 per U.S. dollar, a devaluation of 30%, to match the Indian rupee's value. [30]
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. [16] 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 ...
India was then a part of the sterling area, and the rupee was devalued on the same day by the same percentage so that the new dollar exchange rate in 1949 became ₹4.76 — which is where it stayed till the rupee devaluation of 1966 made it ₹7.50 to the dollar and the pound moved to ₹21.
Hub Power Company (Hubco) was founded in 1991. [5] The project was funded by $770 million in loan agreements and $325 million in equity from international investors. [6] The major investors included National Power with 20.4 percent shareholding, Xenel with 14.5 percent, and Entergy with a 10 percent holding.
It comprises the Indian Army, the Indian Navy, the Indian Air Force, and the Indian Coast Guard. [291] The official Indian defence budget for 2011 was US$36.03 billion, or 1.83% of GDP. [ 292 ] Defence expenditure was pegged at US$70.12 billion for fiscal year 2022–23 and, increased 9.8% than previous fiscal year.
3 Dec 2022 (conversion rate, 1 Sep 2023) India: Though stipulated by law, it varies from ₹160 (US$2.16) per day in Bihar, to ₹348/day (US$4.7) in Mumbai (2017), [105] to ₹750 (US$10) per day in Kerala. State governments set a separate minimum wage for agricultural workers. [10] The minimum wages are set according to Minimum Wages Act ...
The 2000 rupee note was introduced by the Reserve Bank of India on 8 November 2016. The introduction of this denomination of the Indian rupee was part of the government's demonetization exercise aimed at curbing corruption, black money and counterfeit currency.
India Siddharth Shah Postman: 5.6 August 2021 [119] Software as a service India / United States Airwallex: 5.5 November 2021 [120] Financial services Australia / Hong Kong PhonePe: 5.5 December 2020 [121] Financial technology India Sameer Nigam, Rahul Chari Viva Republica (Toss) 5.48 June 2021 [122] Financial technology South Korea Pony.ai: 5.3 ...