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USD-INR Currency Converter
1000 USD = 83980 INR
Interbank/ mid-market Rate at: 10-09-2024 21:08:15
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To answer the legendary question–How the Indian rupee has devalued since 1947 till date?We’ve come up with a simple clarification. 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 thebalance sheet of India that kept Indian Rupee at parity with the US Dollar. Also, the Indian Rupee was pegged to Pounds then since India was under British Raj, keeping the value stable at that moment. As reported: from 1927 to 1966, 1 pound valued to 13 INR. Right after Independence however, the Indian rupee continued to peg to the British pound at a rate of 1 rupee = 1 shilling and 6 pence what can be withdrawn from the stated that as 13 1/3 rupees per British pound. However, the sources state that British pound would have worth about 4 USD at that point of time – hence, concluding that the US Dollar would’ve been more than 3Rs then. When India launched its first 5 Year Plan, the Indian Rupee resultingly used to peg with the U.S. dollar at a rate of 7.5 rupees = 1 dollar until 1971.
Indian Rupee has performed well against other major currencies which include currencies of other Emerging Market Economies. Hence, it’s the US Dollar that has gained against the majority of currencies. Indian Rupee however has weakened against the US Dollar, so have almost all major currencies against US Dollars. But when we compare the data of last 5 years then Indian Rupee has appreciated against almost all major currencies. However, despite the appreciation against other currencies, a weak rupee against the dollar will have a significant impact on India’s economy since US Dollar is the main currency for international trade
Convert 1000 US Dollar to Indian Rupee as per today’s Conversion rate
Our online currency converter is showing you the value of 1000 US Dollar in Indian Rupees according to the current foreign exchange rate of INR 83980. Today i.e. Tuesday 10/09/2024 , for 1000 US Dollar you get 83980 Indian Rupees. In case of any change in the exchange rate of USD to INR, there will be automatic recalculation of the amount. Moreover, we have also added the table of the most popular USD to INR conversions and historical charts for current, weekly and monthly USD to INR rates.
USD to INR Rate Chart:
Below is the USD to INR rate chart for today, last 7 days, last 30 days and last 1 year
- 1 Year
- 30 Days
- 7 Days
- Today
Popular USD to INR Conversion Rates:
| US Dollar (USD) | Indian Rupee (INR) |
|---|---|
| 500 USD | 41990 INR |
| 1000 USD | 83980 INR |
| 1500 USD | 125970 INR |
| 2000 USD | 167960 INR |
| 3000 USD | 251940 INR |
| 5000 USD | 419900 INR |
| 10,000 USD | 839800 INR |
| 50,000 USD | 4199000 INR |
| 100,000 USD | 8398000 INR |
| 1 Million USD | 83980000 INR |
View Conversion Rates of Other Currencies Paired with INR
Convert USD to INR Convert EUR to INR Convert GBP to INR Convert AUD to INR Convert CAD to INR Convert SGD to INR
Convert NZD to INR Convert HKD to INR Convert AED to INR Convert SAR to INR Convert CHF to INR Convert JPY to INR
Convert SEK to INR Convert THB to INR Convert MYR to INR Convert CNY to INR Convert ZAR to INR Convert OMR to INR
Convert BHD to INR Convert KWD to INR Convert NOK to INR Convert DKK to INR Convert IDR to INR Convert LKR to INR
Convert KRW to INR Convert TRY to INR Convert RUB to INR Convert QAR to INR Convert PHP to INR Convert VND to INR
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