Hello Visitors,
Getting bored, Let us know about something new. That’s about our Indian rupee. Was it really equal to US dollar? How Indian rupee devaluated? What will happen if One rupee will be equal to One dollar again?
In the 1950s, After independence One rupee was actually equal to One dollar but India was bad in its financial condition. So, India has taken loan from America all the money of loans were spent but because of no development India was not fulfilling loan after the time period so, india started publishing it’s currency by decreasing it’s value and this is termed as Devaluation of Rupee. Returned all its loan after this Devaluation. This was one reason why Indian rupee is not equal to US dollar now
Now let’s know what will happen if One rupee will be equal to One dollar again. Let’s compare it to some products If you buy a iPhone 11 pro in India its cost is something around Rs1,00,000 but if we will make 1rupee = 1dollar then the price of same iPhone 11 pro will be just Rs600.00. After this there are some more advantage Imports from other countries will be cheaper. Exports will not fetch much revenue. But there is great disadvantage that is foreigners will not invest over India because it will not effort them and because of this many foreign companies will go away from India.
These are some devaluation list of Indian rupee. In the year 2012 Rs 54.47 = 1USD. In the year 2015 Rs 63.76 = 1USD. In the year 2018 Rs 70.53 = 1USD. In the year 2021 Rs 74.80 = 1USD.
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Thank you, Atif
𝒜𝓉𝒾𝒻 𝒯𝑒𝒸𝒽® 