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The Pakistani rupee depreciated against the US dollar until around the start of the 21st century, when Pakistan's large current-account surplus pushed the value of the rupee up versus the dollar. Pakistan's central bank then stabilized by lowering interest rates and buying dollars, in order to preserve the country's export competitiveness.
Around 6.5 million Muslims moved from India to West Pakistan and 4.7 million Hindus and Sikhs moved from West Pakistan to India. [107] It was the largest mass migration in human history. [108] A subsequent dispute over the princely state of Jammu and Kashmir eventually sparked the Indo-Pakistani War of 1947–1948. [109]
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.
425 billion in 2006 dollars [72] 548 billion in 2021 dollars [73] Baikal–Amur Mainline: Railway Soviet Union (modern-day Russia) Sovetskaya Gavan to Tayshet (modern-day Russia) 15 [74] 37.2 1974 1984 Bay Area Rapid Transit: Rapid transit United States: San Francisco Bay Area: 1.586 [75] 6.6 1964 1976 - continues expansion $11.6 billion ...
Upon Bangladesh's independence, the value of the Bangladeshi taka was set between ৳7.5 and ৳8.0 to US$1. Except for fiscal year 1978, the taka's value relative to the US dollar declined every year from 1971 through the end of 1987.
The economy of Punjab is the 16th largest state economy in India with ₹ 8.02 lakh crore (US$94 billion) [1] in gross domestic product (GDP) for the 2024-25 fiscal year.It's per capita GDP ranks 19th amongst Indian states with US$3,338 (264,000).
The Indian rupee rose to an 11-month high of 58.62 against the US dollar and closed at 58.79. [295] Deutsche Bank revised its December 2014 target for the Sensex to 28,000, and Macquarie revised its 12-month target for the Nifty to 8,400 from 7,200. Edelweiss set its December 2014 targets for the Sensex and Nifty at 29,000 and 9,000 ...