indian rupee

Currency comparison is not a comprehensive or universally effective yardstick for measuring economic performance. But athe Wire's Ravi Nair insinuated that the Afghan economy is stronger because 1 Afghan Afghani is equivalent to Rs 1.26.

The Indian rupee (INR, ₹) held steady against the U.S. dollar in 2023, depreciating just 0.5% to end the year at 83.17 per USD. Notably, the Chinese yuan and the Korean won, currencies of current account surplus nations, depreciated by nearly 3%.

The RBI has recently allowed banks from 18 countries to use Indian currency for payments.

Indian media houses spread fake news claiming that Indian Rupee has ended the year as the worst-performing Asian currency

The satirical tweet took potshots at Nirmala Sitharaman based on another misleading claim attributed to her about rising onion prices.

Finance Minister Nirmala Sitharaman announced digital Indian currency that the Reserve Bank of India will issue starting April 1 this year.

As the value of 1 Rupee is equal to 1.16 Bangladeshi Taka, trolls assumed Rupee is weak against Taka and targeted PM Modi

India’s economy contracted by 23.9%. For comparison, Brazil’s GDP contracted by 11.9% and Russia’s GDP by 8%. So, did they really do better than India?

The Indian Rupee has certainly taken a hit in the recent days but it has never gone down below the Bangladeshi Taka.