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Find the historical timeline of the exchange rate for the Indian rupee (INR) against the US dollar (USD) and other currencies from 1974 to 2024. The web page does not show the exact dollar rate in the 2000s in India, but only the average and end-year rates for each year.
Learn how the forward exchange rate is determined by the spot exchange rate and interest rate differences, and how it is used for hedging and forecasting purposes. Find out the empirical evidence for the unbiasedness hypothesis and the foreign exchange risk premium.
A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market. Learn how to write, read and interpret currency pairs, and see the most traded currencies by value and change.
Learn the concept of time value of money, which is the idea that receiving money now is better than later. Find out how to calculate present and future values, annuities, and interest rates using formulas and examples.
Learn about the origin and evolution of the Indian rupee, a silver-based currency that traces back to ancient times in the Indian subcontinent. Explore the different coinages, subdivisions, and uses of the rupee in various regions and periods.
Learn what an exchange rate is and how it is determined by different factors, such as supply and demand, government policies, and market conditions. Compare and contrast various exchange rate regimes, such as floating, fixed, and hybrid, and their implications for currency values and trading.
The Indian rupee (symbol: ₹; code: INR) is the official currency in India and has a long history dating back to ancient India. Learn about the etymology, evolution, and usage of the rupee symbol and currency in this Wikipedia article.
Discounting is a mechanism in finance that allows a debtor to delay payments to a creditor in exchange for a fee. The fee is based on the discount rate, which is the rate of return the creditor could earn on a similar investment. Learn how to calculate the present value and the discount factor of future cash flows.