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This is a list of circulating fixed exchange rate currencies, ... Nepalese rupee: Indian rupee: 1.6 ... Qatari riyal: U.S. dollar:
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]
For a more exhaustive discussion of countries using the U.S. dollar as official or customary currency, or using currencies which are pegged to the U.S. dollar, see International use of the U.S. dollar#Dollarization and fixed exchange rates and Currency substitution#US dollar. Countries using the U.S. dollar as their official currency include:
Up until the 1980s, the largest overseas market for Indian films was the Soviet Union. After Dharti Ke Lal, [3] the first Indian film to become a blockbuster at the Soviet box office was Awaara (1951), directed by Raj Kapoor and written by Khwaja Ahmad Abbas, released in the Soviet Union in 1954. [11]
In 2012, Indonesia was the second fastest-growing G-20 economy, behind China, and the annual growth rate fluctuated around 5% in the following years. [ 39 ] [ 40 ] Indonesia faced a recession in 2020 when the economic growth collapsed to −2.07% due to the COVID-19 pandemic , its worst economic performance since the 1997 crisis.
The long-planned 27.1 km $1.6 billion Orange Line of the Lahore Metro is regarded as a commercial project, [237] and does not qualify for the Exim Bank's 1.6% interest rate. It will instead be financed at a 2.4% interest rate [255] after China agreed to reduce interest rates from an originally planned rate of 3.4%. [256]
In the last year, Binny, along with Excel and Tiger Global Management, sold their entire stake to Walmart, resulting in Binny earning around 1.5 billion dollars. Walmart had acquired a 77% stake in Flipkart for 16 billion dollars in May 2018. [84] In March 2024, Flipkart launched its UPI services, Flipkart UPI, in partnership with Axis Bank.
This exchange value of 97.5 piastres to the pound sterling continued until the early 1960s when Egypt devalued slightly and switched to a peg to the United States dollar, at a rate of E£1 = US$2.3. The Egyptian pound was also used in Anglo-Egyptian Sudan between 1899 and 1956, and Cyrenaica when it was under British occupation and later an ...