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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.
The central bank determines each workday whether it is appropriate to devalue the currency against the US dollar. [citation needed] As of 12 October 2024 [10] (Transnistrian ruble per foreign currency unit) US dollar: 16.1000 rubles; Euro: 17.6150 rubles; Russian ruble: 0.1676 rubles; Ukrainian hryvnia: 0.3907 rubles; Moldovan leu: 0.8821 rubles
INR value against USD. The rupee was never equal to the dollar. At the time of independence (in 1947), India's currency was pegged to pound sterling, and the exchange rate was a shilling and six pence for a rupee — which worked out to ₹13.33 to the pound. [23]
USD / RUB exchange rate 1994–2023 EUR / RUB exchange rate. The first Russian ruble (RUR) introduced in January 1992 depreciated significantly versus the US dollar from US$1 = 125 RUR to around US$1 = 6,000 RUR (or 6 RUB) when it was redenominated in January 1998. The new ruble then depreciated rapidly in its first year to US$1 = 20 RUB before ...
The rapidly devaluing Russian ruble is related to Western sanctions on the Russian central bank’s $630.2 billion in reserves, which would otherwise have helped the country stabilize the currency.
In late 1991, a new coinage was issued as direct obligations of the USSR State Bank in denominations of 10 and 50 kopecks, and 1, 5 and 10 rubles. The 10-kopeck coin was struck in brass-plated steel, the 50-kopeck and 1- and 5-ruble coins, in cupro-nickel, and the 10-ruble coin bimetallic with an aluminium-bronze centre and a cupro-nickel-zinc ...
Officially, the Indian rupee has a market-determined exchange rate. However, the Reserve Bank of India trades actively in the USD/INR currency market to impact effective exchange rates. Thus, the currency regime in place for the Indian rupee with respect to the US dollar is a de facto controlled exchange rate.
The silver ruble was used until 1897 and the gold ruble was used until 1917. The Soviet ruble officially replaced the imperial ruble in 1922 and continued to be used until 1993, when it was formally replaced with the Russian ruble in the Russian Federation and by other currencies in other post-Soviet states.