INR/ 1 British Pound: 84.7562
INR/ 1 Canadian Dollar: 40.156
INR/ 1 Chinese Yuan: 5.73556
INR/ 1 Danish Krone: 7.62382
INR/ 1 Hong Kong Dollar: 5.8215
INR/ 1 Malaysian Ringgit: 12.3299
INR/ 1 Mexican Peso: 4.17531
INR/ 1 New Zealand Dollar: 30.0294
INR/ 1 Norwegian Kroner: 6.75031
INR/ 1 Singapore Dollar: 28.7327
INR/ 1 South African Rand: 5.60036
INR/ 1 South Korean Wan: 0.0472219
INR/ 1 Sri Lanka Rupee: 0.429384
INR/ 1 Swedish Krona: 6.17318
INR/ 1 Swiss Franc: 35.7256
INR/ 1 Taiwan Dollar: 1.36159
INR/ 1 Thai Baht: 1.21578
INR/ 1 Venezuelan Bolivar: 0.0211228
After taking a look at the rough conversion rate of the Indian currency, that is, the Indian Rupee (INR) how about the idea of going through a brief history of the Indian Rupee (INR)?
The Indian term "Rupee" is the equivalent of silver in English and the name exists since it was a silver coin to begin with and this very fact had quite severe consequences during the 19th century when more or less the strong economies of the world were working on the gold standard in terms of their respective national currencies. The relative value of silver to gold saw a considerable fall due to the discovery of silver in huge quantity in the US. After this the country was a witness to what is referred to as "the fall of the Rupee".
During 1950-51 till 1973 an exchange rate regime was followed by India with the Indian Rupee being linked to the Pound Sterling, except for the devaluations in 1966 and 1971. The Rupee's link to the British unit as maintained when the Pound Sterling floated on June 23rd 1972. The Indian Rupee's tie to the Pound Sterling was disengaged in the year of 1975. The effective rate of the Indian Rupee was placed on a controlled, floating basis and in turn linked to a "basket of currencies".
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