What was the Rupee value at the time of Independence ?
by Greg Chappell on Aug 06, 2007 12:29 PM Permalink | Hide replies

I want to know 3 things...
(1) When the Rupee came into existance (during British period offcourse)?

(2)Do anybody know that what was the Rupee value at the time of independence ?

(3) What was the strongest value of Rupee against USD so far ?

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RE:What was the Rupee value at the time of Independence ?
by venkat venkat on Aug 06, 2007 12:38 PM Permalink
My friend,

Long back ago i saw in a book exactly i forget but i know little bit that

Rupee value at the time of Independence is between Rs. 3 to 9.

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RE:What was the Rupee value at the time of Independence ?
by Greg Chappell on Aug 06, 2007 12:49 PM Permalink
Thanks Venkat

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RE:What was the Rupee value at the time of Independence ?
by Ajay Banerjee on Aug 06, 2007 01:24 PM Permalink
For a long time until the mid-1960s, the exchange rate was fixed at 1 pound = Rs 13.33 and 1 dollar = Rs 4.75

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RE:What was the Rupee value at the time of Independence ?
by KJ on Aug 06, 2007 12:48 PM Permalink
Strongest value of rupee against USD so far has been in the past one month. Around 40.10approximately.

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RE:RE:What was the Rupee value at the time of Independence ?
by Greg Chappell on Aug 06, 2007 12:51 PM Permalink
But I think many years back, when Congress was on Power and Dr. Manmohan Singh was the FM, then India had de-valuated INR against USD.

Those time, before devaulation, 1 USD was 30 INR probably.

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