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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 corresponds to the Western system for the zeroth through fourth powers of ten: one (10 0), ten (10 1), one hundred (10 2), one thousand (10 3), and ten thousand (10 4). For higher powers of ten, the names no longer correspond. In the ancient Indian system still in use in regional languages of India, there are words ...
The Digital Rupee (e₹) [39] or eINR or E-Rupee is a tokenised digital version of the Indian Rupee, issued by the Reserve Bank of India (RBI) as a central bank digital currency (CBDC). [40] The Digital Rupee was proposed in January 2017 and launched on 1 December 2022. [41]
In standard form, it is written as 1 × 10 9. The metric prefix giga indicates 1,000,000,000 times the base unit. Its symbol is G. One billion years may be called an eon in astronomy or geology. Previously in British English (but not in American English), the word "billion" referred exclusively to a million millions (1,000,000,000,000). However ...
Crore. A crore (/ krɔːr /; abbreviated cr) denotes ten million (10,000,000 or 10 7 in scientific notation) and is equal to 100 lakh in the Indian numbering system. It is written as 1,00,00,000 with the local 2,2,3 style of digit group separators (one lakh is equal to one hundred thousand, and is written as 1,00,000). [1]
However, Indian rupees were being smuggled from India to the states of the Persian Gulf in exchange for gold. It was estimated in 1959 that the total amount of gold in private hands in India was about US$1.75 to 2 billion – roughly two-thirds of the value of paper money in circulation.
In June 2021, India's foreign exchange reserves crossed the US$600 billion mark for the first time. [17] [18] India's total forex reserves touched an all-time high of US$642.453 billion on 8 September 2021. [19] The reserves declined to $598.89 billion by 8 September 2023 [20] & rose to hit a fresh all time high of $642.63 in March 2024. [21]
The trade deficit for the same month dropped from ₹ 469 billion (equivalent to ₹ 1.2 trillion or US$14 billion in 2023) in 2009 to ₹ 401 billion (equivalent to ₹ 900 billion or US$11 billion in 2023) in 2010. [360] India is a founding-member of General Agreement on Tariffs and Trade (GATT) and its successor, the WTO.