Since we were under British rule our rupee was pegged to pounds. FWhat is the value of a 1947 silver dollar?
Since we were under British rule our rupee was pegged to pounds. From 1927 to 1966, it was 13 rupees = 1 pound. This was maintained until 1966, when the rupee was devalued and pegged to the U.S. dollar at a rate of 7.5 rupees = 1 dollar. This value lasted until the U.S. dollar devalued in 1971.
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IN 1947 1 Rupee = 1$
Year Exchange rate
(rupees per US$)g
1913 0.08692307692
1925 0.10
1947 1
1952 5
1966 7.55
1975 10.409
1980 7.887
1985 12.369
1990 17.504
1995 32.427
2000 45.000
2006 48.336
2007 (Oct) 38.48
2008 (June) 42.51
2008 (October) 48.88
2009 (October) 46.37
2010 (January 22) 46.21
2011 (April) 44.17
2011 (September 21) 48.24
2011 (November 17) 55.3950
2012 (May 23) 56.25[9]
2012 (June 22) 57.15[10]
2013 (May 15) 54.73[11]
2013 (June 12) 58.500[12]
2013 (June 27) 60.73[13]
2013 (July 08) 61.21[14] (All-time low) ==========================================================
Article 1. - http://businesstoday.intoday.in/story/ficc-capital-md-ajay-mahajan-on-rupee-fall/1/21363.html
Article 2. - http://businesstoday.intoday.in/story/rupee-dollar-value-drop-factors-for-fall/1/21881.html
Article 3. - http://zeenews.india.com/business/news/finance/indian-rupee-the-volatile-journey-since-independence_82222.html What is the value of a 1947 silver dollar?
Since we were under British rule our rupee was pegged to pounds. From 1927 to 1966, it was 13 rupees = 1 pound. This was maintained until 1966, when the rupee was devalued and pegged to the U.S. dollar at a rate of 7.5 rupees = 1 dollar. This value lasted until the U.S. dollar devalued in 1971.