Whether you go to the US or to HongKong for a vacation, you have to pay for services and goods in the currency that is accepted in the country. India and US Exchange Rate History The rupee was never equal to the dollar. At the time of independence (in 1947), India’s currency was ...
In the 19th century, large increases in the quantity of silver production caused a precipitous drop in silver's value. This lead to a steep decline in the rupee's value. From 1927 to 1946, the rupee was pegged to theBritish pound.10 It was then pegged to the U.S. dollar until 1975....
In the 19th century, large increases in the quantity of silver production caused a precipitous drop in silver's value, leading to a steep decline in the rupee's value. From 1927 to 1946, the rupee was pegged to theBritish pound. It was then pegged to the U.S. dollar until 1975. Curr...