USD to INR Exchange Rate was large before India’s Independence in 1947 the Indian currency was first assessed against the US dollar. (The NCU stands for National Currency Unit.)Īlso, see: How to avoid a common travel gaffe when converting US dollars to Indian rupees.įactors Affecting “The Indian Rupee Depreciation” (1 USD to INR) – A Brief History 1 USD was equal to 4.16 INR or 4.16 NCU at the time. In 1952, India’s constitution came into being. However, according to reports, the British Pound would have been worth around 4 USD at the time, implying that the US dollar would have been worth more than Rs 3. USD-INR: Indian Rupee Drops to 9-Month Low Against US Dollar.Īlthough, after Independence, the Indian rupee was pegged to the British Pound at a rate of 1 rupee = 1 shilling and 6 pence, which translates to 13 1/3 rupees per British Pound. Until 1971, when India launched its 5 Year Plan following Independence, the Indian Rupee was pegged to the US dollar at 7.5 rupees per dollar.Īnother question emerges: what was the exact value of one dollar in Indian rupees in 1947?.The agreement ended in 1966, and the rupee began to depreciate. According to reports, 1 pound was for 13 INR from 1927 to 1966.As a result, the Indian Rupee was tied to the British Pound, keeping the value consistent at the time, which didn’t last long. Another aspect to remember is that India was ruled by the British before it gained Independence.There were no outstanding credits on India’s balance sheet when it gained Independence in 1947, keeping the Indian Rupee parity with the US Dollar.If you believe that exchanging one dollar for one rupee in 1947 would have resulted in precisely one rupee, you are mistaken. We’ve come up with a precise response that clears the haze surrounding this old subject. You are breaking the monotony on the age-old subject of how the Indian rupee has declined since 1947. The history of the INR, on the other hand, aids in a better knowledge of the Indian economy. In light of this, the INR currency, like many others, is valued by comparing it to the dollar. Since then, the dollar has gotten a lot of attention worldwide. The USD is far easier to trade than any other currency. The US dollar is also one of the most widely utilised international investment and trade currencies. The value of other currencies in the worldwide market is determined by the value of the US dollar, which is considered the benchmark currency. The INR conversion factor has 6 significant digits.USD to INR Exchange Rate History? The US dollar is the most widely used money in the world. The USD conversion factor has 12 significant digits. The exchange rate for the Indian Rupee was last updated on 10:57 PM from The International Monetary Fund. The exchange rate for the United States Dollar was last updated on 10:57 PM from The symbol for Indian Rupee can be written with INR. The symbol for United States Dollar can be written with USD. Reversed rate: Indian Rupee (INR) to United States Dollar (USD). This currency converter is up to date with exchange rates from 10:57 PM. Moreover, we have added the list of the other popular conversions for 1 United States Dollar (USD). We are providing USD to INR converter tool with real-time online exchange rate calculator. This page provides the exchange rate of 1 United States Dollar (USD) to Indian Rupee (INR), sale and conversion rate. Selling 1 United States Dollar (USD) you get 0.0122 Indian Rupee (INR) at 10:57 PM. You can convert United States Dollar to other currencies from the drop down list. We have added the most popular Fiat Currencies and Crypto Currencies for our Calculator/Converter. What is 1 United States Dollar worth in INR ?ġ United States Dollar is equal to ₹0.0122 Indian Rupee.
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