Search results
Results from the WOW.Com Content Network
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.
The Indian rupee was a silver-based currency during much of the 19th century, which had severe consequences on the standard value of the currency, as stronger economies were on the gold standard. During British rule, and the first decade of independence, the rupee was subdivided into 16 annas. Each anna was subdivided into 4 pices. So one rupee ...
Officially, the Indian rupee has a market-determined exchange rate. However, the Reserve Bank of India trades actively in the USD/INR currency market to impact effective exchange rates. Thus, the currency regime in place for the Indian rupee with respect to the US dollar is a de facto controlled exchange rate.
For example, the purchasing power of the US dollar relative to that of the euro is the dollar price of a euro (dollars per euro) times the euro price of one unit of the market basket (euros/goods unit) divided by the dollar price of the market basket (dollars per goods unit), and hence is dimensionless. This is the exchange rate (expressed as ...
In June 2009, The Economic Times launched a television channel called ET Now. [6] In 2018, the house of The Economic Times launched a member-only platform called ET Prime. [7] It claims to be a business storytelling platform. ET Prime's current editor (2022) is Shishir Prasad. [8] The Economic Times has a portfolio management tool called ET ...
In terms of nominal net state domestic product (NSDP) at factor cost at current prices (base year 2011–2012), West Bengal was the sixth largest economy in India, with an NSDP of ₹ 18.8 lakh crore (US$230 billion) in 2024-25 and in terms of nominal gross state domestic product (GSDP) at current prices, the state had GSDP of ₹ 13.97 lakh ...
[3] [4] The Economic Survey of India in 2014-15 stated India could target foreign exchange reserves of US$750 billion-US$1 Trillion. [5] India's foreign exchange reserves are mainly composed of the United States Dollar in the forms of United States government bonds and institutional bonds. [6] [7] with nearly 7.34% of forex reserves in gold.
The economic reforms in 1991 led to an increase in reserves as the country began to attract foreign investment and trade improved. By the end of the 1990s, reserves reached approximately $30 billion. The 2000s saw rapid growth in reserves due to strong economic growth, trade surpluses, and rising foreign direct investment (FDI). By 2008 ...