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The end year rate for 1998–99 pertain to March 26, 1999 of Deutsche Mark rate. Data from 1971 to 1991–92 are based on official exchange rates. Data from 1992 to 1993 onward are based on FEDAI (Foreign Exchange Dealers' Association of India) indicative rates.
INR ₹1 = e₹1.00. CNY ¥1 = e₹11.78. (16 November 2023) The Digital Rupee (e₹)[ 6] or eINR or E-Rupee is a tokenised digital version of the Indian Rupee, issued by the Reserve Bank of India (RBI) as a central bank digital currency (CBDC). [ 7] The Digital Rupee was proposed in January 2017 and launched on 1 December 2022. [ 8]
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 ...
Time value of money. The present value of $1,000, 100 years into the future. Curves represent constant discount rates of 2%, 3%, 5%, and 7%. The time value of money is the widely accepted conjecture that there is greater benefit to receiving a sum of money now rather than an identical sum later. It may be seen as an implication of the later ...
The Digital Rupee (e₹) [ 39] or eINR or E-Rupee is a tokenised digital version of the Indian Rupee, issued by the Reserve Bank of India (RBI) as a central bank digital currency (CBDC). [ 40] The Digital Rupee was proposed in January 2017 and launched on 1 December 2022. [ 41]
The Uniform Time Act of 1966 established a uniform set of rules for states opting to observe daylight saving time. [ 1] In the U.S., daylight saving time starts on the second Sunday in March and ends on the first Sunday in November, with the time changes taking place at 2:00 a.m. local time. With a mnemonic word play referring to seasons ...
In June 2021, India's foreign exchange reserves crossed the US$600 billion mark for the first time. [16] [17] India's total forex reserves touched an all-time high of US$642.453 billion on 8 September 2021. [18] The reserves declined to $598.89 billion by 8 September 2023 [19] & rose to hit a fresh all time high of $642.63 in March 2024. [20]
The Indian Standard Time was adopted on 1 January 1906 during the British era with the phasing out of its precursor Madras Time (Railway Time), [2] and after Independence in 1947, the Union government established IST as the official time for the whole country, although Kolkata and Mumbai retained their own local time (known as Calcutta Time and Bombay Time) until 1948 and 1955, respectively. [3]