all countries with lower currency value than indian rupee

It had first slipped past the 76-mark in March 2020 on account of global restrictions imposed to stop the COVID-19 spread and heightened demand for the safe haven greenback. The rupee breached the 76-to-a-dollar mark on December 16, an 18-month low. dollar exchange rate between January 2010 and December 2021. The land of islands, clear blue waters, and tropical climate, Indonesia is one of the countries where the Indian currency is higher. But the rupee’s fall is modest when compared to the currencies of other emerging economies. KWD has the highest currency in the world against the Indian rupee as 1 Kuwaiti Dinar is equal to 276.50 INR. Foreign portfolio investments (FPI) also plunged for the third consecutive month, thus weakening the rupee further. India’s trade gap widened to a record high of $22.9 billion on account of rise in imports. However, this time its fall was driven by widening trade deficit and foreign investors pulling out funds from equities. It had fallen beyond 76 in March 2020 when COVID-19 cases surged and economies came to a grinding halt. Bloomberg quoted the rupee last changing hands at 81.5038 per dollar, after opening at its weakest level of 81.5225 and hitting a record low of 81.5587, compared to its Fridays close of 80.9900.

Slid past the 76-per-U.S.-dollar-mark for the first time since June 2020 and stood at 76.25. Due to low currency value, Indian travellers can spend on luxury things as it comes very cheap in Indonesia.

On December 16, the Indian rupee’s exchange rate Here are a few countries where the Indian rupee has a high value, allowing you to take your spouse on a low budget honeymoon.

All countries with lower currency value than indian rupee