Path Of Indian Rupee From History Currency Exchange

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  1. nasavsisro

    nasavsisro Regular Member

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    Path Of Indian Rupee From History Currency Exchange

    [​IMG]


    In 1966 Rs. 7.50 per United States dollar

    Smithsonian Agreement in December 1971 the rupee was again linked to sterling at Rs. 18.97, which implicitly meant a 5.4 percent devaluation against sterling

    Between 1981 and 1991, the Indian rupee was actively managed downwards by the authorities, remarkably with no political resistance unlike the 1966 episode in a world of fixed rates.
    From
    Code:
    http://independentindian.com/1993/06/01/path-of-the-indian-rupee-1947-1993/
    See also
    Code:
    http://en.wikipedia.org/wiki/History_of_the_Republic_of_India



    Valuation history


    INR Value against USD
    Year Exchange rate (rupees per US$)
    1952 5.000
    1970 7.576
    1975 8.409
    1980 7.887
    1985 12.369
    1990 17.504 (Congress)
    1995 32.427 (Congress)
    1996 {BJP}
    2000 45.000 {BJP}
    2006 48.336 {BJP}
    2007 (Oct) 38.48 {Congress}
    2008 (June) 42.51 {Congress}
    2008 (October) 48.88 {Congress}
    2009 (October) 46.37 {Congress}
    2010 (January 22) 46.21 {Congress}
    2011 (April) 44.17 {Congress}
    2011 (September 21) 48.24 {Congress}
    2011 (November 17) 50.97 {Congress}
    2011 (November 24) 52.11 {Congress}
    2011 (December 15) 53.65 {Congress}
    2011 (December 14) 53.7147 {Congress}
    2012 (May 21) 55.03[4] (Crossed barrier of 55) {Congress}
    2012 (May 22) 55.3950 {Congress}
    2012 (May 23) 56.25[5] (Crossed barrier of 56) {Congress}
    2012 (June 22) 57.15[6] (All-time high till date) {Congress}
     
    Last edited: Jun 23, 2012
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