Every Indian, at some point or the other, has pondered over this question, “Why isn't 1 USD equal to 1 Rupee?” or “What if 1 USD was equivalent to 1 Rupee?” To begin with, let’s see why the discrepancy exists in the first place. The Indian rupee sank to its lowest ever against the US dollar on March 7 as the war between Russia and Ukraine hiked crude prices to multi-year highs globally. The rupee fell to 76.9800 per dollar, against its previous low of 76.9200 to a dollar hit in 2020.
What if 1 Rupee is equal to 1 Dollar?
What if 1 Rupee is equal to 1 Dollar?
What if 1 Rupee is equal to 1 Dollar?
Every Indian, at some point or the other, has pondered over this question, “Why isn't 1 USD equal to 1 Rupee?” or “What if 1 USD was equivalent to 1 Rupee?” To begin with, let’s see why the discrepancy exists in the first place. The Indian rupee sank to its lowest ever against the US dollar on March 7 as the war between Russia and Ukraine hiked crude prices to multi-year highs globally. The rupee fell to 76.9800 per dollar, against its previous low of 76.9200 to a dollar hit in 2020.