Is Pakistani rupee equals to Indian mony?

Answer 1

No, Indian Rupee (INR) and Pakistani Rupee (PKR) are two different currencies.

In 1947, when Pakistan was created by the british partition of the undivided India, the new government of Pakistan briefly used the Indian money, (with words Pakistan stamped on them). But that was only a temporary measure.

Till early 1990's the PKR/INR exchange rates remained stable (and perhaps close to 1?).

In past decade, their economies have diverged greatly, India started its economic reforms and started growing rapidly. Pakistani economy, on the other hand, largely struggled because of excessive defence spending (to sustain its arms race with India) and political instablity in the form of military coup, rising extremism, and separatist movements in Balochistan and Pashtun areas.

It is reflected in the exchange rates. While INR has remained stable (and sometimes appreciating ) vs the USD around 45 INR/USD, PKR has been depreciating, more alarmingly in 2008, and is 80PKR /USD.

ie 1 INR = about 1.7 PKR