$0.01 in Indian Rupees
Are you wondering how much $0.01 is in Indian Rupees? If you're planning a trip to India or doing business with someone from India, it's essential to know the current exchange rate. In this article, we'll cover the current value of $0.01 in Indian Rupees and provide some additional information about the Indian Rupee.
Current Exchange Rate
As of the current date, the exchange rate is:
1 USD = 74.83 INR (Indian Rupees)
Using this exchange rate, we can calculate the value of $0.01 in Indian Rupees:
$0.01 x 74.83 INR/USD = 0.7483 INR
So, $0.01 is approximately equal to 0.7483 Indian Rupees.
About the Indian Rupee
The Indian Rupee (INR) is the official currency of India. It is issued and managed by the Reserve Bank of India, the central bank of India. The Indian Rupee is subdivided into 100 paise, although paise are no longer in circulation.
History of the Indian Rupee
The Indian Rupee has a rich history dating back to the 16th century. The Rupee was first introduced by Sher Shah Suri, an Afghan ruler, in the 16th century. The Rupee remained the dominant currency in India until the British East India Company introduced the British Pound in the 18th century. After India gained independence in 1947, the Indian Rupee became the official currency of the country.
Conclusion
In conclusion, $0.01 is equivalent to approximately 0.7483 Indian Rupees. Understanding the current exchange rate and having knowledge of the Indian Rupee can be helpful for anyone planning to travel to India or conduct business with Indian companies.
