In its 73 years of Independence history, India and her citizens quite vocal about their doubts and confusion towards of India on the face of map. Be it in any or every front, and moreover, economically. None has had a past present where the question of knowing about of INR at its time of independence against USD hasn’t touched us.
What’s been of 1 USD to INR since 1947 to 2019?
Breaking the monotony on this legendary question–How the has devalued since 1947 till date? We’ve come up with answer that clarifies the smog from this long-lived question. Honestly, nothing a myth. If thinking that exchanging 1 USD to INR in 1947 would you 1 Rupee exactly, then, sadly, that’s not true. ‘Why‘ ask? Here’s the answer:
When India got her independence year 1947- no outstanding credits on the
the of India that kept at parity with the US Dollar.
Another one should notice is that India was under British Raj its independence thus, the was pegged to Pounds then, keeping stable at that moment, which obviously, didn’t last long.
As reported: from 1927 to 1966, 1 pound valued to 13 INR. The arrangement the year 1966 rupee started witnessing devaluation.
In fact, after the independence when India launched its 5 Year Plan, the resultingly peg with the U.S. dollar at a rate .5 rupees = 1 dollar until 1971.
Another question that arises is that —What was worth of 1 USD to INR in 1947 exactly?
Although, after Independence, the continued to peg to pound at a rate of 1 rupee = 1 shilling and 6 pence what withdrawn from the stated that as 13 1/3 rupees per . However, the sources state that would have worth about 4 USD at – hence, concluding that the US Dollar would’ve been 3Rs then.
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