Nowadays, Exchange rate history of the Indian rupee has become a topic of great interest and relevance in modern society. With the rapid advancement of technology and globalization, Exchange rate history of the Indian rupee has acquired a fundamental role in different aspects of daily life. From its impact on the economy to its influence on culture and the environment, Exchange rate history of the Indian rupee has generated an ongoing debate among experts and citizens. In this article, we will explore the different aspects related to Exchange rate history of the Indian rupee , analyzing its importance and implications today.
This is a list of tables showing the historical timeline of the exchange rate for the Indian rupee (INR) against the special drawing rights unit (SDR), United States dollar (USD), pound sterling (GBP), Deutsche mark (DM), euro (EUR) and Japanese yen (JPY).
The rupee was worth one shilling and sixpence in sterling in 1947. The US dollar was worth ₹ 3 in 1947 not 1, and ₹ 82.62 in 2023
Notes
The data on exchange rate for Japanese Yen is in per 100 Yen.
The end year rate for 1998–99 pertain to March 26, 1999 of Deutsche Mark rate.
Data from 1971 to 1991–92 are based on official exchange rates.
Data from 1992 to 1993 onward are based on FEDAI (Foreign Exchange Dealers' Association of India) indicative rates.
Data from 1971 to 1972–73 for the Deutsche Mark and the Japanese Yen are cross rates with the US Dollar .
The Euro replaced the Deutsche Mark w.e.f. January 1, 1999.
1974 to 2024
Exchange Rate of the Indian Rupee vis-a-vis the SDR, USD, GBP, DM and JPY (FY, annual average and end-year rates)
Year
SDR (average)
SDR (end year)
USD (average)
USD (end year)
GBP (average)
GBP (end year)
DM/EUR (average)
DM/EUR (end year)
JPY (average)
JPY (end year)
1974–75
9.6233
9.723
7.9408
7.74
18.8
18.776
3.1917
3.324
3
2.7
1975–76
10.3642
10.375
8.6825
8.973
18.3933
17.19
3.4458
3.535
3
3
1976–77
10.35
10.206
8.9775
8.804
15.5733
15.144
3.6308
3.686
3
3.2
1977–78
10.1605
10.43
8.5858
8.434
15.4292
15.656
3.8358
4.169
3.33
3.8
1978–79
10.4315
10.488
8.2267
8.15
15.9658
16.861
4.22
4.364
4
3.9
1979–80
10.4935
10.251
8.0975
8.193
17.655
17.753
4.4717
4.219
3.58
3.3
1980–81
10.1777
10.0620
7.9092
8.1900
18.5042
18.3800
4.1875
3.9000
3.7500
3.9000
1981–82
10.3354
10.4030
8.9683
9.3460
17.1096
16.6520
3.8607
3.8710
3.9400
3.8000
1982–83
10.5628
10.7540
9.6660
9.9700
16.1356
14.7460
3.9600
4.1090
3.8900
4.2000
1983–84
10.9405
11.3940
4460
3.9402
4.1340
4.3800
4.8000
1984–85
11.9328
12.3210
11.8886
12.4300
14.8668
15.4500
3.9877
4.0190
4.8700
4.9000
1985–86
12.9232
13.9860
12.2349
12.3061
16.8467
18.2500
4.5553
5.3020
5.6200
6.8000
1986–87
15.4472
16.6210
12.7782
12.8882
15.2255
20.7490
6.2970
7.1620
8.0200
8.9000
1987–88
17.1208
17.9700
12.9658
13.0318
22.0872
24.3510
7.4004
7.8070
9.4100
10.3000
1988–89
19.2619
20.2080
14.4817
15.6630
25.5959
26.3990
8.0494
8.2590
11.3000
11.8000
1989–90
21.3684
22.4090
16.6492
17.3248
26.9179
28.3010
9.0922
10.1670
11.6600
11.0000
1990–91
24.8431
26.4140
17.9428
19.6429
33.1930
34.0500
11.4351
11.4270
12.7900
13.9000
1991–92
33.4325
35.5143
24.4737
31.2256
42.5151
53.6913
14.6248
18.3501
18.4400
23.2800
1992–93
37.1415
43.6511
30.6488
31.2354
51.6858
46.6200
19.5877
19.2864
24.5900
26.9900
1993–94
43.8863
44.3133
31.3655
31.3725
47.2064
46.5200
18.7403
18.7575
29.1100
35.5200
1994–95
45.7908
49.1558
31.3986
31.4950
48.8211
50.5650
20.2017
22.3600
31.6341
35.2888
1995–96
50.4768
50.1633
33.4498
34.3500
52.3526
52.4300
23.3993
23.3038
34.8425
32.2975
1996–97
50.8858
49.8032
35.4999
35.9150
56.3646
58.6938
22.9244
21.3863
31.5879
28.9463
1997–98
50.6735
52.7677
37.1648
39.4950
61.0240
66.1638
20.9613
21.3350
30.2990
29.7813
1998–99
57.5129
57.6132
42.0706
42.4350
69.5505
68.3588
24.1792
23.2863
33.1341
35.3263
1999–00
58.9335
58.7505
43.3327
43.6050
69.8510
69.5100
44.7909
41.7975
39.0606
41.4825
2000–01
59.5459
58.7969
45.6844
46.6400
67.5522
66.5788
41.4832
41.0113
41.4052
37.4338
2001–02
60.2150
60.8446
47.6919
48.8000
68.3189
69.5863
42.1811
42.6438
38.1790
36.8063
2002–03
64.1257
65.2550
48.3953
47.5050
74.8193
74.9225
48.0901
51.4925
39.7363
39.8925
2003–04
65.6876
64.2393
45.9516
43.4450
77.7389
79.6813
53.9896
53.1725
40.7077
41.6725
2004–05
66.9282
66.0987
44.9315
43.7550
82.8644
82.1125
56.5523
56.5863
41.8046
40.8075
2005–06
64.4898
64.2566
44.2735
44.6050
79.0472
77.7963
53.9124
54.1875
39.1438
38.0188
2006–07
67.2538
65.8289
45.2849
43.5950
85.7274
85.5938
58.1110
58.1513
38.7975
37.0338
2007–08
62.6506
65.7307
40.2410
39.9850
80.8016
79.5138
56.9906
63.0963
35.2896
40.0650
2008–09
71.2770
76.1742
45.9170
50.9450
78.4485
72.8575
65.1345
67.4713
46.0521
51.8900
2009–10
73.7333
68.5335
47.4166
45.1350
75.8861
68.0188
67.0843
60.5913
51.1261
48.4338
2010–11
69.7228
70.7930
45.5768
44.6450
70.8853
71.9163
60.2181
63.2350
53.2963
54.0175
2011–12
75.3132
79.2512
47.9229
51.1600
76.3912
81.7975
65.8939
68.3550
60.7484
62.4250
2012–13
83.0262
81.4764
53.2112
54.2323
85.9713
82.3209
70.0693
69.5438
65.8530
57.7600
2013–14
92.2602
92.7790
60.5019
60.0998
98.3058
99.8498
60.4026
58.8300
81.1745
82.5765
2014–15
90.7955
86.3431
61.1436
62.5908
98.5731
92.4591
55.8266
52.1100
77.5209
67.5104
2015–16
91.3452
93.4510
65.4685
66.3329
98.7260
95.0882
54.5934
59.0600
72.2894
75.0955
2016–17
92.6156
87.9763
67.0720
64.8386
87.6897
80.8797
62.0350
57.9600
73.6087
69.2476
2017–18
90.8989
94.8065
64.4549
65.0441
85.5129
92.2846
58.1822
61.5400
75.4378
80.6222
2018–19
98.0361
96.0273
69.9229
69.1713
91.7865
90.4756
63.0468
65.5200
80.9580
77.7024
2019–20
53.7511
51.2563
74.5321
73.2365
99.9785
100.0524
84.6404
80.2459
81.2654
81.2256
2020–21
55.0003
54.2485
73.2256
74.5692
100.0256
101.5623
88.3686
86.2500
82.1101
79.2231
2021–22
92.8908
94.5521
82.44
82.76
101.81
99.55
86.59
84.65
66.33
62.23
References
Circulating Defunct Conceptual Fictional See also