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USD-INR Currency Converter
1000 USD =83360 INR
Interbank/ mid-market Rate at: 26-04-2024 21:43:46
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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the Indian rupee continued to peg to the British pound at a rate of 1 rupee = 1 shilling and 6 pence what can be withdrawn from the stated that as 13 1/3 rupees per British pound.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 83360. Today i.e. Friday 26/04/2024 , for 1000 US Dollar you get 83360 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 | 41680 INR |
| 1000 USD | 83360 INR |
| 1500 USD | 125040 INR |
| 2000 USD | 166720 INR |
| 3000 USD | 250080 INR |
| 5000 USD | 416800 INR |
| 10,000 USD | 833600 INR |
| 50,000 USD | 4168000 INR |
| 100,000 USD | 8336000 INR |
| 1 Million USD | 83360000 INR |
View Conversion Rates of Other Currencies Paired with INR
Convert USD to INRConvert EUR to INRConvert GBP to INRConvert AUD to INRConvert CAD to INRConvert SGD to INR
Convert NZD to INRConvert HKD to INRConvert AED to INRConvert SAR to INRConvert CHF to INRConvert JPY to INR
Convert SEK to INRConvert THB to INRConvert MYR to INRConvert CNY to INRConvert ZAR to INRConvert OMR to INR
Convert BHD to INRConvert KWD to INRConvert NOK to INRConvert DKK to INRConvert IDR to INRConvert LKR to INR
Convert KRW to INRConvert TRY to INRConvert RUB to INRConvert QAR to INRConvert PHP to INRConvert VND to INR
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