![]() ![]() USD to INR Exchange Rate was large before India’s Independence in 1947 the Indian currency was first assessed against the US dollar. (The NCU stands for National Currency Unit.)Īlso, see: How to avoid a common travel gaffe when converting US dollars to Indian rupees.įactors Affecting “The Indian Rupee Depreciation” (1 USD to INR) – A Brief History 1 USD was equal to 4.16 INR or 4.16 NCU at the time. ![]() In 1952, India’s constitution came into being. However, according to reports, the British Pound would have been worth around 4 USD at the time, implying that the US dollar would have been worth more than Rs 3. USD-INR: Indian Rupee Drops to 9-Month Low Against US Dollar.Īlthough, after Independence, the Indian rupee was pegged to the British Pound at a rate of 1 rupee = 1 shilling and 6 pence, which translates to 13 1/3 rupees per British Pound. ![]()
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