1 usd to inr in 1947 – Journey of why rupee is falling against dollar today

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1 usd to inr in 1947 - Journey of why rupee is falling against dollar today
1 USD to INR in 1947

1 USD to INR in 1947 – Hello friends today I will tell you some interesting point of Indian currency. You know what is the value of 1 USD to INR in 1947.

If you Don’t know, So Don’t worry today I will tell you the journey of Indian Currency. How USD going to strong Against INR day by day.

 

Let’s start conversations against 1 USD to INR in 1947

The history of currency in India is 2,500 years old. The talk was in 1917 when 1 rupee was equivalent to $ 13. Then India became independent in 1947, rupees one rupee to 1 dollar. At the time of independence, there was no debt on the country. The government took a loan for the first five-year plan in 1951. Between 1948 and 1966, a dollar was around 4.66 rupees. One dollar in 1975 was 8.39 rupees, in 1985 a dollar was 12 rupees.

In 1991, due to low inflation, low growth, and reduced foreign reserves, a dollar reached at 17.90 rupees. In 1993, a dollar was $ 31.37. During 2000-2010, this price of one dollar reached 40-50 rupees. In 2013, this limit was exceeded and this one dollar price has reached 65.50 rupees.

1 usd to inr in 1947 - Journey of why rupee is falling against dollar today
1 USD to INR in 1947

Since the debt on India began to grow, Indira Gandhi decided to reduce the price of rupees to repay the loan, since then the cost of rupees has declined. 1 rupee would be 100 paise, this was implemented in 1957. First, it was divided into 16 coming. If the British used to go, then today the Indian currency would have been but this was not possible due to the rupee strengthening.

According to an estimate, there are fake notes worth 400 crores in India at this time. If you have more than half (51%) notes torn, you can still change it by going to the bank. Due to security reasons, you will not find I, J, O, X, Y, Z characters in the serial number of the note.

1 usd to inr in 1947 - Journey of why rupee is falling against dollar today
1 USD to INR in 1947

On every Indian note, photos of some things are printed, such as the picture of Andaman Island on a note of 20 rupees. At the same time, elephants, rhinoceros, and lions have been printed on the notes of Rs 10, whereas on the Rs. 100 note there is a picture of the mountain and cloud. Apart from this, a picture of 11 idols related to the movement of freedom on the notes of 500 rupees has been printed. On Indian note, its price is written in 15 languages.

In January 1938, for the first time in January 1938, the paper currency was printed on 5 rupees, which was a picture of King George VI. 10,000 rupees note was also printed this year but in 1978 it was completely closed. After independence, Pakistan used Indian currency till it did not print the workable notes.

1 usd to inr in 1947 - Journey of why rupee is falling against dollar today
1 USD to INR in 1947

Indian notes are made of cotton but not of any ordinary paper. They are so strong that you can not grab both ends of the new note and tear it. There was a time when Bangladesh used to send 5 rupees coins from India to build a blade. 6 blades were made from a coin of 5 rupees.

If the price of 1 blade was 2 rupees then the blade maker had a good advantage. Given this, the Indian government changed the coin-making metal. After Independence, coins were made of copper. After that, aluminum began in 1964 and stainless steel began in 1988.

1 usd to inr in 1947 - Journey of why rupee is falling against dollar today
1 USD to INR in 1947

The photographs of Mahatma Gandhi who painted the Indian note were drawn up when Gandhiji went to visit Viceroy House in Kolkata with Frederick Pethick Lawrence, who worked as a British Secretary in the then Burma and India.

This photo began to be printed on notes in 1996. Previously Mahatma Gandhi’s place was printed on Ashoka Pillar. India’s notes of 500 and 1,000 rupees do not run in Nepal. The first note of 500 was made in 1987 and the first note of 1,000 was made in 2000.


Coins of 75, 100 and 1,000 rupees have been printed in India. Rs. 1 rupee note is issued by the Indian government and from 2 to 1,000 notes issued by RBI. At one time 10 notes to fight corruption were issued by the NGO called 5thpillar.

The cost of making a coin of 10 rupees is Rs 6.10. Serial numbers are inserted on the notes so that RBI can continue to know how much money is there in the market at this time. Rupiah is also a currency of India, Indonesia, Mauritius, Nepal, Pakistan, and Sri Lanka.

1 usd to inr in 1947 - Journey of why rupee is falling against dollar today
1 USD to INR in 1947

The RBI prints 2,000 crore currency notes each year. The rupee symbol was made by Uday Kumar in 2010. For this, he got a reward of 2.5 lakh rupees. RBI can print as much price as you want, but it can print only up to 10,000 notes. If there are more printed notes than this, then he has to make a change in the Reserve Bank of India Act, 1934.

How many notes we can print, it is determined on the basis of currency inflation, GDP growth, replacement of bank notes and stock of the Reserve Bank. Every coin has a special mark under the flax, you can find out where that coin is made. Mumbai – Diamond ◆, Noida – Dot. Hyderabad – Star ★ Kolkata- No traces.

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