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Data from 1971 to 1991–92 are based on official exchange rates. Data from 1992 to 1993 onward are based on FEDAI (Foreign Exchange Dealers' Association of India) indicative rates. Data from 1971 to 1972–73 for the Deutsche Mark and the Japanese Yen are cross rates with the US Dollar. The Euro replaced the Deutsche Mark w.e.f. January 1, 1999.
Currency distribution of global foreign exchange market turnover [1. Currency ... Indian rupee: INR ... Philippine peso: PHP ...
Since 1991, the rupee has been under a floating exchange rate regime. [94] The first major impact on the rupee's exchange rate after independence was the devaluation of the pound sterling against the US dollar in 1949, which impacted currencies that maintained a peg to the sterling, which included the Indian rupee. [95]
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The future exchange rate is reflected into the forward exchange rate stated today. In our example, the forward exchange rate of the dollar is said to be at a discount because it buys fewer Japanese yen in the forward rate than it does in the spot rate. The yen is said to be at a premium. UIRP showed no proof of working after the 1990s.
₹ 177 crore (US$20 million) [65] ₹ 186 crore (US$21 million) [65] NA: November ₹ 223 crore (US$26 million) [43] ₹ 157 crore (US$18 million) [43] NA: December ₹ 225 crore (US$26 million) [47] ₹ 214 crore (US$25 million) [66] ₹ 150 crore (US$17 million) [66] January: NA ₹ 194 crore (US$22 million) [67] ₹ 176 crore (US$20 million ...
India International Exchange (IFSC) Ltd. (India INX) follows the listing requirements set by the Securities and Exchange Board of India (SEBI), which are as follows: [26] [27] Minimum net worth: The issuer company should have a minimum net worth of ₹100 crores (approximately USD 13 million).
The Indian rupee was the official currency of Dubai and Qatar until 1959, when India created a new Gulf rupee (also known as the "external rupee") to hinder the smuggling of gold. [16] The Gulf rupee was legal tender until 1966, when India significantly devalued the Indian rupee and a new Qatar-Dubai riyal was established to provide economic ...