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The Pakistan rupee, which plumbed record lows on Sept. 5, recovered to below 300 per U.S. dollar on the open market earlier this week, rallying more than 10% from levels prevailing before the ...
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Since 1991, the rupee is under a floating exchange rate regime. The first major impact on the rupee's exchange rate after independence was the devaluation of the pound sterling against the US dollar in 1949, which impacted currencies that maintained a peg to the sterling, which included the Indian rupee.
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During the same time, its nominal per capita income increased from US$64 annually to US$2,601, and its literacy rate from 16.6% to 74%. From being a comparatively destitute country in 1951, [63] India has become a fast-growing major economy and a hub for information technology services , with an expanding middle class. [64]
UNPROFITABLE CROPS. In northern Illinois, farmers could lose $140 per acre on average for corn and $30 an acre for soybeans with autumn delivery prices of $4.50 and $11.50 a bushel, respectively ...
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Poverty may therefore also be defined as the economic condition of lacking predictable and stable means of meeting basic life needs. The first table lists countries by the percentage of their population with an income of less than $2.15 (the extreme poverty line), $3.65 and $6.85 US dollars a day in 2017 international ( PPP) prices.
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