ECONOMICS
ECONOMIC GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the currency in India?
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Dollars
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Yen
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Rupee
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Euro
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Explanation:
Detailed explanation-1: -The Indian currency is called the Indian Rupee (INR). One Rupee consists of 100 Paise. The symbol of the Indian Rupee is ₹. The design resembles both the Devanagari letter “₹” (ra) and the Latin capital letter “R", with a double horizontal line at the top.
Detailed explanation-2: -In 1947, the Indian rupee was equal to the dollar. However, since then, its devaluation has happened three times. Hence, as of 2022, the current rupee vs dollar value is 1 rupee = 0.013 dollars.
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