We are seeing that dollar is becoming expensive day by day. But do you know that at the time of independence, Indian 1 Rupee was equivalent to 1 US dollar? Indeed, the value of Rupees was very high in those days because India was ruled by British Government, where the economy depended on a pound, which used to be expensive from the dollar and even today, the British pound is far above the US currency.
At the time of independence, the value of 1 Dollar was equivalent to Indian 1 Rupee, which has reached 63.92 in today’s time. Today we will see a comparison between the Rupee and the Dollar right from 1947 to till today.
The year 1947 1 US dollar equals 1 Indian rupee
The year 1952 1 US dollar equals 4.75 Indian rupees
The year 1966 1 US dollar equals 7.10 Indian rupees
The year 1973 1 US dollar equals 7.66 Indian rupees
The year 1975 1 US dollar equals 8.41 Indian rupees
The year 1980 1 US dollar equal 7.89 Indian rupees
The year 1985 1 US dollar equals 12.34 Indian rupees
The year 1990 1 US dollar equals 17.50 Indian rupees
The year 1995 1 US dollar equals 32.43 Indian rupees
The year 2000 1 US dollar equals 45.00 Indian rupees
The year 2005 1 US dollar equals 44.01 Indian rupees
The year 2010 1 US dollar equals 45.65 Indian rupees
The year 2015 1 US dollar equals 62.23 Indian rupees
The year 2018 1 US dollar equals 63.91 Indian rupees
In this way, the price of Indian currency has come down so far in comparison to the US dollar. And as long as the Indian economy does not become strong then it will continuously devaluate.
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