As reported: from 1927 to 1966, 1 pound valued to 13 INR. Also, the Indian Rupee was pegged to Pounds then since India was under British Raj, keeping the value stable at that moment. If you believe that exchanging 1 USD to INR in 1947 would have got you 1 Rupee exactly, then, sadly, that’s not true reason being when India got her independence in the year 1947, there were no outstanding credits on theīalance sheet of India that kept Indian Rupee at parity with the US Dollar. To answer the legendary question–How the Indian rupee has devalued since 1947 till date?We’ve come up with a simple clarification.
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