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This is a list of tables showing the historical timeline of the exchange rate for the Indian rupee (INR) against the special drawing rights unit (SDR), United States dollar (USD), pound sterling (GBP), Deutsche mark (DM), euro (EUR) and Japanese yen (JPY). The rupee was worth one shilling and sixpence in sterling in 1947.
Government of India – 10 rupees (1910) British Indian one rupee note. In 1861, the Government of India introduced its first paper money: ₹ 10 note in 1864, ₹ 5 note in 1872, ₹ 10,000 note in 1899, ₹ 100 note in 1900, ₹ 50 note in 1905, ₹ 500 note in 1907 and ₹ 1,000 note in 1909. In 1917, ₹ 1 and ₹ 2 1 ⁄ 2 notes were ...
India was the world's second-largest textile exporter after China in the 2013 calendar year. [318] Averaging an economic growth rate of 7.5% for several years prior to 2007, [309] India has more than doubled its hourly wage rates during the first decade of the 21st century. [319]
PK (2014) was the first Indian film to collect ₹ 2 billion overseas, [ 24][ 25][ 26] and Dangal (2016) is the first Indian film to exceed ₹ 10 billion and $100 million overseas, [ 27] including ¥ 1.299 billion [ 28] ( $196.89 million) [ 29] from China. [ 27][ 30] Dangal became the 16th highest-grossing film in China, [ 31] the fifth ...
The Indian rupee was a silver-based currency during much of the 19th century, which had severe consequences on the standard value of the currency, as stronger economies were on the gold standard. During British rule, and the first decade of independence, the rupee was subdivided into 16 annas.
For comparison, last year this figure amounted to $13.124 billion, and the year before that – $8.141 billion. Now Russia has become India's seventh largest trading partner, having risen to this place from the 25th position it occupied last year. Russia's share in India's total trade volume increased to 3.54% compared to 1.27% in 2021–222. [105]
Reserve Bank of India-10 Rupees (1938), the first year of banknote issue. The Reserve Bank of India was founded on 1 April 1935 to respond to economic troubles after the First World War. [16] The bank was set up based on the recommendations of the 1926 Royal Commission on Indian Currency and Finance, also known as the Hilton Young Commission. [17]
In 1820, India's GDP was 16% of the global GDP. By 1870, it had fallen to 12%, and by 1947 to 4%. The Republic of India, founded in 1947, adopted central planning for most of its independent history, with extensive public ownership, regulation, red tape and trade barriers. [ 13][ 14] After the 1991 economic crisis, the central government began ...