On 8th November 2016, India was shaken by a sudden move: the government declared that ₹500 and ₹1000 notes were no longer valid. The aim was clear—stop people from hoarding black money, flush out hidden cash, and reduce illegal wealth in the economy. But for ordinary people, it caused total chaos. Banks and ATMs were … Read more
Are you wondering how Indian rupee (RS) and US dollar (USD)compare in terms of cost of services such as locksmith service? Dollar is the most powerful currency of the world. The movement of dollar determines the course of the global economy. You can all it the currency of the world. When we desire to compare … Read more
The Indian rupee, the official currency of India, has a history dating centuries back. What is the history of the Indian rupee? The Maurya Empire issued one of the earliest coins in the world in 6th century BC. These Mauryan coins were not exactly the rupee, yet the foundations of the currency. The word “rūpiye” … Read more
Who signs the Indian rupee currency notes? Now, it’s a simple question with a simple answer for a layman, but the answer requires a detailed explanation is required when we consider the economics. Short answer to the question of who is the signatory for the Indian rupee currency notes: — the governor of the Reserve … Read more
The Indian rupee (Indian Rupee INR Symbol) has been losing its value in comparison with the US dollar ($). The erosion in Indian rupee’s valuation has both positive and negative impact. For Indian exporters receiving payments in US dollars, it is a good news as they get to make more money — more revenue in … Read more