all countries with lower currency value than indian rupee

There was a time when India's per capita GDP was below Pakistan's. Perhaps we should expect a lot more from India in 2022 than we expected from India in 2012. India has come a long way, and there is a long way to go. Instead, we have seen misleading commentary, screaming headlines, social media posts and memes getting ahead of the truth.

If there was ever a situation for fact-checkers to intervene and insist on adding context, it was this one. Read: Atta, bakery items, bread, biscuits prices at all-time high | Here's whyĪll of this information is in the public domain, and highly accessible.

In the same period, however, the rupee has gained 1 per cent over the Euro, 3.67 per cent over the Pound, 3.55 per cent over the Japanese Yen and even 3.77 per cent versus the Chinese Yuan. Over the last month, the rupee has lost about 1.93 per cent of its value with respect to the dollar. So the problems are not specific to India, unlike in 2013.Įither way, you look at the data, and the conclusion is the same. The rupee is falling with respect to the dollar because all other currencies are falling with respect to the dollar, and usually by much more. Whereas in 2022, the Indian rupee is stable (or has become significantly stronger) with respect to other major currencies such as the Euro or the Pound. This would mean that there was a specific weakness in the Indian economy in 2013, compared to the global situation. Simply put, in 2013, the rupee was falling with respect to all major currencies, not just the dollar. But there is no comparison between the two situations.

All countries with lower currency value than indian rupee