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The purchasing power of the rupee was equal to the price of silver in the bullion market and the rupee was the only legal tender and money of account by which all other prices were expressed. Thus while the rupee was a fixed value, its purchasing power fluctuated. The chart above indicates the approximate value of other denominations relative ...
In the ten years ended March 1941, total net exports were of the order of 43 million ounces (1337.3 tons) valued at about INR 375 crore, or an average price of INR 32-12-4 per tola. [ 33 ] In the autumn of 1917 (when the silver price rose to 55 pence ), there was danger of uprisings in India (against paper currency) which would handicap ...
Different commemorative coins of 5 Rupees 10 Rupees silver coin of India 1972 (25 years of India's independence) The first Indian commemorative coin was issued in 1964 in remembrance of Jawaharlal Nehru's birth anniversary. Since then, numerous coins from 5 paise (INR 0.05) to ₹1000 (INR 1000.00) have been issued.
Although the economy performed poorly in 1632, trade increased by 0.24 million pesos every year. [24] With the increase in silver accumulation in the Americas and Japan and the balancing of the Chinese silver supply and demand market due to the large amount of silver imports, the price of Chinese silver and world silver prices converge and the ...
10 rupees (2 ⁄ 3 mohur) 15 rupees ; 30 rupees (2 mohur) British gold sovereign, as an emergency war issue, in 1918. There are many rare coins of this period which interests coin collectors. The 1939 rupee is the most expensive rupee, as after 1939 all silver coins effectively became less pure, due to the shortage of silver during World War II.
The end year rate for 1998–99 pertain to March 26, 1999 of Deutsche Mark rate. Data from 1971 to 1991–92 are based on official exchange rates. Data from 1992 to 1993 onward are based on FEDAI (Foreign Exchange Dealers' Association of India) indicative rates.