Path Of Indian Rupee From History Currency Exchange

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Path Of Indian Rupee From History Currency Exchange

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

http://independentindian.com/1993/06/01/path-of-the-indian-rupee-1947-1993/

See also

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}