How did the exchange rate between USD and INR change in 1947?

3 answers

• Dec 26, 2021 · 3 years ago
  Sure! The exchange rate between USD and INR in 1947 experienced significant changes due to various factors. One of the main factors was the partition of India, which led to economic instability and uncertainty. Additionally, the introduction of the Indian rupee as a new currency further affected the exchange rate. The exchange rate was also influenced by global economic conditions and political events. It's important to note that historical data on exchange rates during that period may be limited, but it is known that the exchange rate between USD and INR fluctuated quite a bit in 1947.
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• Dec 26, 2021 · 3 years ago
  Back in 1947, the exchange rate between USD and INR went through some interesting changes. With the partition of India, the economic landscape was in turmoil, and this had a direct impact on the exchange rate. The introduction of the Indian rupee as a new currency added another layer of complexity. It's worth noting that historical data from that time may not be as comprehensive as what we have today, but it's clear that the exchange rate between USD and INR experienced significant fluctuations in 1947.
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• Dec 26, 2021 · 3 years ago
  In 1947, the exchange rate between USD and INR witnessed substantial changes. The partition of India and the subsequent creation of Pakistan led to economic instability, which affected the exchange rate. Additionally, the introduction of the Indian rupee as a new currency further impacted the exchange rate dynamics. It's important to consider the broader historical context and the various factors that influenced the exchange rate during that time. For more detailed information on historical exchange rates, you can refer to reliable sources like historical economic data archives or consult with financial experts.
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