journey of in indian currency
journey of in Indian currency since independence
now Indian currency is falling against American dollar because of in India's import is more than export anyone things that in period of time there indian currency is equal to american dollar it is
a interesting fact
Indian currency journey since independent
we all know that India got in 1947 in that period india has no international borrowing so the value of
₹1 INDIAN RUPEE = $1 AMERICAN DOLLAR
IN 1950 india has to start Indian government was facing budget deficit and was in a state that it could not borrow more additional loan so in that stage the indian rupee has falling and the value $1AMERICAN DOLLAR = ₹4 INDIAN RUPEE
IN 1960 and 1966 this crises has been taking larger because of Indo-China war in 1962 and Indo-Pakistan war of 1965 india has spent more buying weapons for these war and foreign trade was not act effectively so in 1966 $1AMERICAN DOLLAR = ₹7 INDIAN RUPEE
IN indian the falling indian rupee against dollar it is not only inability of indian politics also growth american economy in these period the effectively and significant act are tax cuts and
Amendment to the Social Security Act and space program so indian rupee is falling continuously
$1AMERICAN DOLLAR = ₹7.47 INDIAN RUPEE in 1970 and is go up to $1USD = ₹8.14 INR
in 1975
IN indian rupee falling has been as a regular event which recorded a new low of $1 USD = ₹12.34 INR in 1985 and in the 1990 it increased to $1 USD = ₹17.50 INR. as more borrowing the record hits 1991 to $1 USD = ₹22.72 INR
IN 17/8/ 2018 the records $1USD = ₹72.34
this mainly due to imports is more than exports in india so the price of the petrol and diesel
reached peak
we can implement some measure to control the falling of Indian rupee against American dollar
if buy anything buy Indian goods so our rupee value will increase in world market so
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