1 US Dollar is equal to 73.322950 Indian Rupees. Inverse: $0.0137 USD. A year ago, on that day, the currency rate US Dollar to Indian Rupee was: ₹71.050. Learn More{{/message}}. Feel free to try convert more... By rate: The Indian Rupee is the currency of India. XE Currency Converter: 1 USD to INR = 73.8375 Indian Rupees. There are multiple arguments about how 1 Dollar rupees in 1947 had a better value . India had a consistent balance of payments deficits since the 1950s. Send money abroad to your loved ones in Just few clicks with our Foreign Exchange services. Even though the server responded OK, it is possible the submission was not processed. Statistics in diagrams and exact figures will help you track changes over different periods and conclude on the estimated rate of any currency against another. Dev. verge of defaulting. but this was not the case before. To show you the most accurate result, we use the international exchange rate. Try XE Money Transfer now. government had a balance of payment problem. Decimalisation happened in 1957. The world's 7th largest economy, India has a nominal GDP of 2.073.543 million US Dollars, with total exports of $265 billion USD. Hello Prachi, Hope you are doing well, now coming to your question, How much is 1Lakh Rupees in US Dollars? during 1947, and that’s why the value of USD should be INR 4.16 in 1947. INR to USD in 1913 should be 0.09 and if we keep the 1 USD = 1 INR argument — ₹73.015 INR.Look at the reverse course INR to USD.Perhaps you may be interested in USD INR Historical Chart, and USD INR Historical Data of exchange rate. 30 days ago. against the Indian Rupee in the last 30 days, The exchange rate for the Dollar has decreased -0,15% against the Indian Rupee in the last 30 days, falling from ₹ 73,45 to ₹ 73,33 Rupees per Dollar. Change for today 0,39%. All the Arab countries have their own currencies none of which are called the dollar. About the Indian Rupee The prefix naye was removed but the value continued. XE Currency Converter: 1 INR to USD = 0.0135495 US Dollars All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. It shows India was an economically backward country and increases the rates of imports. Amount in words: one (US Dollar). Another argument is that before 1947, India The Indian Rupee was first introduced in India in 1526. Inflation had caused Indian prices to increase on a higher level and exchange rate simply became high. The turnaround will happen in 2027 with digital India becoming more aggressive and Chinese labour becoming more costlier. Making the lower denominations a part of Indian currency, the money was made accessible to every Indian citizen but it also increased the value of INR. Some of the denominations higher than USD are Kuwaiti Dinar, Bahrain Dinar, British Pound and Euro. has decreased -0,78% Convert 1 Indian Rupee to US Dollar. Convert American Dollars to Indian Rupees with a conversion calculator, or Dollars to Rupees conversion tables. The page also shows the dynamics of the exchange rate for the day, week, month, year, in graphical and tabular form. Here it is believed that 1 Pound was equal to 13.37 Rupees Today, the value of INR is lower than USD, but this was not the case before. The online converter will clarify the ratio between different currencies. This agreement determined the value of every currency in the world. Your email address will not be published. lot was said and done about the step but it ended up playing a role in bringing to 1 USD. market that had taken control of its exchange. About us | Privacy Policy | Contact us | Copyright © 2020 theCurrencyCalculator.com. industrialisation plan. (0.0539)0.0738% Constant delays brought it on the You can use this calculator offline while travelling in India. This practice is frequent between the travellers visiting South East Asia and Middle East. (Also read: 8 Countries where Rupee is King). There are multiple arguments about how 1 Dollar rupees in 1947 had a better value . The reason behind this change was the surge in dollar demand from imports and capital outflows by FIIs pulling out the debt market that resulted in a fall in the value of the rupee. 1 USD to INR from 1947 to 2020 - Insight to History of Rupee & Dollar Rate. This also plays a role in the current value of INR to one USD. The page provides data about today's value of one dollar in Indian Rupees. The 1966 devaluation was the result of the first major financial crisis the government faced. Here, a chart will show you the changing value of 1 USD to INR. According to the BIS, the Indian Rupee is the 20th most traded currency. INR has consistently gone down. Convert currency 1 USD to INR. The server responded with {{status_text}} (code {{status_code}}). Privacy Policy Did you know? At the same time, travellers flying abroad get less when they convert INR to USD.

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