Guesstimates Of The Value Of The Rupee
July 23, 2013 1 Comment
If you are looking for some guidance on where the Rupee/Dollar exchange rate is likely to stabilize,here are the best guesstimates from various financial institutions:
The Rupee Dollar Exchange Rate -II
April 5, 2012 Leave a comment
I have long been interested in knowing more about the historic Rupee Dollar exchange rates and the story of the devaluation of the Indian Rupee.I previously posted some data I had gathered on the subject here:https://wealthymatters.com/2011/09/25/the-rupee-dollar-exchange-rate/ .This post contains some more data I came across today here http://www.mises.ca/posts/blog/are-weddings-in-india-really-driving-gold-prices/ :
In early controlled exchange rate regime, the rupee exchange rate hovered around Rs 4 in the 1950s, Rs 5 in the 60s, Rs 7 in the 70s, and Rs 8 in the 80s. The liberalized era of 90s was different, the rupee moved in the Rs 20s (the rupee was also partly decontrolled in early 90s) and Rs 40 in the decade of 2000. Read more of this post
The Rupee Dollar Exchange Rate
September 25, 2011 5 Comments
This is a very brief post.I read this article yesterday in the Mumbai Mirror http://www.mumbaimirror.com/index.aspxpage=article§id=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).
wealthymatters 