Current And Historical USD To INR Exchange Rates
As of June 2019, 1 USD is equal to 69.04 INR. However, this is not the case historically. In fact, the value of the dollar has seen a drastic decrease in recent years. For example, in 2013, 1 USD was worth approximately Rs 60. This means that if you had purchased Rs 60 worth of goods in 2013, they would now be worth Rs 69.04. In other words, the purchasing power of the dollar has decreased significantly.
This has serious implications for those who are looking to invest in USD. For instance, if you were to purchase a bond denominated in USD, you would be losing money due to the decrease in value of the dollar. Therefore, it is important to be aware of the current and historical exchange rates before making any investment decisions.