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Exchange rate history of the Indian rupee. 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 ...
The Indian numbering system is used in the Indian subcontinent (Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka) to express large numbers.The terms lakh or 1,00,000 (one hundred thousand, written as 100,000 in Pakistan, and outside the Indian subcontinent) and crore or 1,00,00,000 [1] (ten million, written as 10,000,000 outside the subcontinent) are the most commonly used terms ...
The Indian rupee was a silver-based currency during much of the 19th century, which had severe consequences on the standard value of the currency, as stronger economies were on the gold standard. During British rule, and the first decade of independence, the rupee was subdivided into 16 annas.
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 symbol ₹ is the Indian rupee sign. The precomposed character ₨ is a currency sign used to represent the monetary unit of account in Pakistan, Sri Lanka, Nepal, Mauritius, Seychelles, and formerly in India. It resembles, and is often written as, the Latin character sequence "Rs" or "Rs.".
For example, in a conversion from EUR to AUD, EUR is the fixed currency, AUD is the variable currency and the exchange rate indicates how many Australian dollars would be paid or received for 1 euro. In some areas of Europe and in the retail market in the United Kingdom , EUR and GBP are reversed so that GBP is quoted as the fixed currency to ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 10 November 2024. See also: Orders of magnitude (numbers) and Long and short scales Natural number 1000000000 List of numbers Integers ← 10 0 10 1 10 2 10 3 10 4 10 5 10 6 10 7 10 8 10 9 Cardinal One billion (short scale) One thousand million, or one milliard (long scale) Ordinal One billionth (short ...
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).