When was 1 dollar is equal to 1 rupee?
On 15th August 1947 the exchange rate between Indian rupee and US Dollar was equal to one (i.e., 1 $= 1 Indian Rupee).
Since 1947. Since its Independence in 1947, Indian rupee was adopted as currency in the nation.
If one rupee becomes equal to one dollar, they will start outsourcing them to other countries, where they can pay less. This too will cause many job losses. Eventually, wages and prices will decrease because the value of the currency will be higher.
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1800s.
| [show]Indian silver rupee value (1850–1900) | ||
|---|---|---|
| Year | Exchange rate (pence per rupee) | Melt value (pence per rupee) |
| 1850 | 24.3 | 22.7 |
| 1851 | 24.1 | 22.7 |
| 1852 | 23.9 | 22.5 |
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What will happen if US Dollar becomes equal to Indian Rupee?
| Period | Value |
|---|---|
| 1958 | 100 |
| 1959 | 104.56 |
| 1960 | 106.42 |
| 1961 | 108.22 |
| Period | Value |
|---|---|
| 1990 | 100 |
| 1991 | 113.87 |
| 1992 | 127.29 |
| 1993 | 135.35 |
| Cumulative price change | 901.05% |
|---|---|
| Average inflation rate | 3.79% |
| Converted amount ($1 base) | $10.01 |
| Price difference ($1 base) | $9.01 |
| CPI in 1960 | 29.600 |
Currency Menu
This is the US Dollar (USD) to Indian Rupee (INR) exchange rate history data page for the year of 2014, covering 365 days of USD INR historical data. Best exchange rate: 63.7215 INR on 29 Dec 2014. Average exchange rate in 2014: 60.9994 INR. Worst exchange rate: 58.3956 INR on 22 May 2014.
Imports will become more expensive: When the dollar strengthens against the rupee, importers will have to pay more for the same number of dollars. And since international trade is mostly in the US dollar, importers have to pay higher prices.
Why the value of rupee is falling against dollar?
" The Rupee is falling against the dollar primarily because of the growing trade deficit -- imports are increasing at a much higher pace than exports. The increase in imports is mainly due to a sharp increase in crude oil prices following the Ukraine crisis.
| Period | Value |
|---|---|
| 1985 | 100 |
| 1986 | 108.73 |
| 1987 | 118.3 |
| 1988 | 129.4 |
| Period | Value |
|---|---|
| 1992 | 100 |
| 1993 | 106.33 |
| 1994 | 117.22 |
| 1995 | 129.21 |
In 2016, the USD to INR hit a record with 1 USD = 68.77 INR, the highest rate at that time. The global economic crisis following the coronavirus pandemic in 2020 contributed to the depreciation of the exchange rate to hit a record low which was 1 USD = 76.67 INR (March).
"In 2008, we expect the USD/INR to average Rs 38 per dollar," Citigroup's India analyst Rohini Malkani said. With capital flows continuing, liquidity management is likely to remain a dilemma for the authorities, the report, titled 'India in 2008- A Year of Priorities', noted.
Currency Menu
This is the US Dollar (USD) to Indian Rupee (INR) exchange rate history data page for the year of 2013, covering 365 days of USD INR historical data. Best exchange rate: 67.9576 INR on 28 Aug 2013. Average exchange rate in 2013: 58.5501 INR.
So at the time of Pakistan's independence, 1 GBP to PKR was equal to 13.33 Pakistan Rupees. One British Pound in 1947 was equal to 4.03 US Dollars and comparatively, 1 USD to PKR in 1947 was equal to Rs 3.31.
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Value of Rupee over time (by year)
| Period | Value |
|---|---|
| 1970 | 100 |
| 1971 | 103.08 |
| 1972 | 109.72 |
| 1973 | 128.31 |
| Period | Value |
|---|---|
| 1989 | 100 |
| 1990 | 108.97 |
| 1991 | 124.09 |
| 1992 | 138.71 |
| Period | Value |
|---|---|
| 1975 | 100 |
| 1976 | 92.37 |
| 1977 | 100.04 |
| 1978 | 102.56 |
What was rupee worth in 1983?
| Year | Rupee Value | Inflation Rate |
|---|---|---|
| 1981 | $463.75 | 13.11% |
| 1982 | $500.34 | 7.89% |
| 1983 | $559.72 | 11.87% |
| 1984 | $606.29 | 8.32% |
| Initial Value | Equivalent value | |
|---|---|---|
| $1 rupee in 1995 | → | $5.29 rupees in 2021 |
| $5 rupees in 1995 | → | $26.46 rupees in 2021 |
| $10 rupees in 1995 | → | $52.93 rupees in 2021 |
| $50 rupees in 1995 | → | $264.65 rupees in 2021 |
| Year | Dollar Value | Inflation Rate |
|---|---|---|
| 1930 | $1.00 | -2.34% |
| 1931 | $0.91 | -8.98% |
| 1932 | $0.82 | -9.87% |
| 1933 | $0.78 | -5.11% |
| Cumulative price change | 42.89% |
|---|---|
| Average inflation rate | 2.41% |
| Converted amount ($1 base) | $1.43 |
| Price difference ($1 base) | $0.43 |
| CPI in 2007 | 207.342 |
The US dollar was worth ₹3 in 1947 not 1, and ₹69.9 in 2018.
Average exchange rate in 2018: 121.5744 PKR.
| Period | Value |
|---|---|
| 1999 | 100 |
| 2000 | 104.01 |
| 2001 | 107.94 |
| 2002 | 112.58 |
| Cumulative price change | -7.47% |
|---|---|
| Converted amount ($100 base) | $92.53 |
| Price difference ($100 base) | $-7.47 |
| CPI in 1950 | 24.100 |
| CPI in 1947 | 22.300 |
So at the time of Pakistan's independence, 1 GBP to PKR was equal to 13.33 Pakistan Rupees. One British Pound in 1947 was equal to 4.03 US Dollars and comparatively, 1 USD to PKR in 1947 was equal to Rs 3.31.
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Year.
| Year | Exchange rate (INR per USD) |
|---|---|
| 1949 | 4.76 |
| 1966 | 7.50 |
| 1975 | 8.39 |
| 1980 | 7.86 |
