The Rupee Dollar Exchange Rate

This is a very brief post.I read this article yesterday in the Mumbai Mirror  http://www.mumbaimirror.com/index.aspxpage=article&sectid=44&contentid=2011092420110924085554.I thought it worthwhile to make a note of the Rupee -Dollar exchange rates at different times.

Historically the lowest point reached by the rupee was 49 in May 2002.

It did cross 50 very briefly late in 2008 due to the panic caused by the global financial crisis. Otherwise in the past twenty years we have been used to having the rupee exchange rate between 35 and 45. In fact it hovered around 45 for a very long time.

We did suffer two embarrassing sudden currency devaulations. The first was in 1966 (when rupee went from 5 to 7.5) and in 1991-92 (when rupee went from 15 to 32).