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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.
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] The dollar-pound exchange rate then was $4.03 to the pound, which in effect gave a rupee-dollar rate in 1947 of around ₹3.30.
The economy of India is a developing mixed economy with a notable public sector in strategic sectors. [5] It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked 141th by GDP (nominal) and 125th by GDP (PPP). [58]
2021 in Indian economy (1 C, 1 P) ... Pages in category "Economic history of India (1947–present)" The following 36 pages are in this category, out of 36 total.
In 2009, India purchased 200 tonnes of gold from the International Monetary Fund, worth US$6.7bn (€4.57bn, £4.10bn). [15] In June 2020, India's foreign exchange reserves crossed the US$500 billion mark for the first time. [16] In June 2021, India's foreign exchange reserves crossed the US$600 billion mark for the first time. [17] [18]
The Indian government announced on Aug. 14 that the country’s leading petroleum refiner, Indian Oil Corp., used the local rupee to buy one million barrels of oil from the Abu Dhabi National Oil ...
The Indian rupee (symbol: ₹; code: INR) is the official currency in the Republic of India.The rupee is subdivided into 100 paise (Hindi plural; singular: paisa).The issuance of the currency is controlled by the Reserve Bank of India.
500 BC Silver punch-marked coins [1] were minted as currency belonging to a period of intensive trade activity and urban development by the Mahajanapadas. [2] [3]1 AD Indian subcontinent under the Gupta Empire united much of the subcontinent, contained 33.21% of the world’s population and contributed to around 33 to 35% of World's GDP [3] and generated an estimated average of $450 (1990 ...