Dollar Vs Rupee: How much did the rupee fall in 22 years? What is the condition of currency of other neighboring countries, know everything

US Dollar Vs Asian Countries Currency.
– Photo : Amar Ujala

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The Indian rupee has once again registered a fall against the dollar. On Friday, the Indian rupee fell by eight paise to reach Rs 82.32 per dollar. Earlier on Thursday, the rupee had closed at 82.24 against the dollar. When the media asked questions to Union Finance Minister Nirmala Sitharaman on the falling level of rupee against the dollar, she gave a different statement. The Finance Minister said that the rupee is not falling, but the dollar is getting stronger. The currency position of all other countries is the same against the dollar.

Now the question is arising that why did Nirmala Sitharaman make such a statement? How much has the rupee depreciated in the last 22 years? What is the situation in other neighboring countries of India? Let’s understand…

How much has the Indian rupee weakened against the dollar in eight years?
Information about this was shared by the Union Finance Ministry in Parliament. It has been told that in 2014, when the new government was formed at the Centre, the price of one dollar was Rs 63.33. By December 31, 2018, it fell to Rs 69.79 per dollar. After this, in 2019 this figure reached 70 rupees. Means till the price of one dollar was 70 rupees.

It remained at 70 even during the Corona period. However, after that it registered a rapid decline. By June 30, 2022, the value of one dollar was Rs.78.94. The report tabled in Parliament was based on data up to 11 July 2022. Meaning, by July 11, 2022, the price of one dollar had become Rs 79.41. Now till today’s date i.e. 16 October 2022, the value of one dollar has become 82 rupees 32 paise.

Now also see the full 22 years report

year	Indian Rupee per dollar
2000	44.94
2001	47.18
2002	48.61
2003	46.58
2004	45.31
2005	44.10
2006	45.30
2007	41.34
2008	43.50
2009	48.40
2010	45.72
2011	46.67
2012	53.43
2013	58.59
2014	63.33
2015	64.15
2016	67.19
2017	65.12
2018	69.79
2019	70.42
2020	74.10
2021	73.91
2022	82.32

What is the condition of other neighboring countries?

The cost of one dollar in India is now Rs 82.32. But the situation in neighboring countries is even worse. The price of one dollar in Pakistan is 218.14 Pakistani Rupee. Similarly, one dollar in Sri Lanka is equal to 365.11 Sri Lankan rupees. China is in a strong position in this matter. 7.18 Chinese Yuan Renminbi is equal to one US Dollar. One US Dollar is equal to 131.74 Nepalese and 104.86 Bangladeshi Rupees. The worst situation is in Myanmar’s currency. Price of one US Dollar in Myanmar is 2,095.81 Burmese Kyatso.

Why did Nirmala Sitharaman say that the rupee is not falling, but the dollar is getting stronger

To understand this, we have learned economics Prof. Spoke to Pradeep Joshi. He said, ‘Rupee falls or dollar strengthens. It’s the same thing. However, the way of saying it is different. In both the cases the Indian people will suffer.

Pro. Joshi further says, ‘Nirmala Sitharaman wants to say that the Indian rupee is not weakening much compared to the currency of other countries. If we look at the figures, the Euro, British Pound, Australian Dollar, Canadian Dollar, Singapore Dollar, Swiss, Malaysian and Chinese currencies have weakened more against India in the past. However, the currency of these countries is still in a much better position than India’s.

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