The demand and supply forces in the currency markets determine the rate of the rupee to the dollar. The currency is not fixed by a central bank.
39015049.3 rupees
30 Rupees!
62.72 Indian Rupee
one dollar equal to how much indian rupee
Rupee is the Indian currency. Just like any commodity the Rupee also has a price, the value you pay to exchange a rupee. The US Dollar being the predominant currency, all prices of currencies are generally quoted in Dollars. Hence in case of the Rupee, its price at any point in time maybe say, Rs.45/$ (determined through various aspects such as forex reserves, FDI inflows, rate of interests and so on). With the change of the indicators the value of the rupee as per the dollar changes. When the rupee becomes dearer i.e. say Rs.40/$ it is said to have Appreciated (Value) in the reverse case say Rs.50/$ then the Rupee Depreciates (Value). Rupee changes values for a range of reasons, like if US performs very well then people will demand more US dollars, exchanging their rupee. This Demand will raise the price of the US dollar and hence depreciate the Indian Rupee.
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Today, feb. 8 2008 one dollar has the value of 39.615 rupees. It also depends on what rupee you are talking about. Is it the Indian rupee or the Pakistani rupee?
one fifth of a rupee. There are 53.7 rupee to a dollar, and 100 paise to a rupee.
In 1845 the Indian Rupee was not that different in value compared to the USA dollar.
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Us dollar
Never. Pakistani/Indian rupee was started in 1947. Don't know the exact value of rupees at that time, but it was not greater in value than the dollar.
The Rupee is calculated by the price raises of the Indian Rupee compared to the American Dollar. This is then calculated with a formula, giving the rate.
1 U.S. dollar = 46.8999156 Indian rupees
39.89
39015049.3 rupees
30 Rupees!