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This is a list of tables showing the historical timeline of the exchange rate for the Indian rupee (INR) against the special drawing rights unit (SDR), United States dollar (USD), pound sterling (GBP), Deutsche mark (DM), euro (EUR) and Japanese yen (JPY). The rupee was worth one shilling and sixpence in sterling in 1947.
This is a list of circulating fixed exchange rate currencies, ... Indian rupee: 1.6 Netherlands Antillean guilder: U.S. dollar: 1.79 Niue dollar: New Zealand dollar: 1
3.1 US dollar as exchange rate anchor. ... 4.5 Indian Rupee as exchange rate anchor. 4.6 Other. 5 Stabilized arrangement. Toggle Stabilized arrangement subsection.
Currency distribution of global foreign exchange market turnover [1. Currency ... USD $, US$ 88.3%: 88.5%: 0.2pp Euro ... Indian rupee: INR ...
Thus, the currency regime in place for the Indian rupee with respect to the US dollar is a de facto controlled exchange rate. This is sometimes called a "managed float". On 9 May 2022, the Indian Rupee traded at ₹77.41 against the US dollar, hitting an all-time low. [79]
At the time of independence (in 1947), India's currency was pegged to pound sterling, and the exchange rate was a shilling and six pence for a rupee — which worked out to ₹13.33 to the pound. [23] The dollar-pound exchange rate then was $4.03 to the pound, which in effect gave a rupee-dollar rate in 1947 of around ₹3.30.