How many rupees is one dollar in India?
Almost 67 INR
How much is 1 million in Indian rupees?
1 Lakh=100,000.00=100 Thousands10 Lakhs=1,000,000.00=1 Million1 Crore=10,000,000.00=10 Million10 Crores=100,000,000.00=100 Million100 Crores=1,000,000,000.00=1 Billion
How many INR were equal to 1 USD on 15 Aug 1947?
Every Indian across the globe wants to know what was the value of 1 USD to INR in 1947 to 2018 specially when India became Independent in 1947? There are multiple response and answers however, no one provides complete guide on how and why it happened. To know this answer and all the reason behind it, what we need to know is against which currency was INR measured during 1947.There are two theories being argued among people. No one document exist to clearly articulate which one is correct, however knowing both gives essential answers to the question:Case 1: 1 USD = 4.16 INRThe Logic: Now being a British ruled state, India when it became independent in 1947 should be pegged against Pound.The system used was Bretton woods system a landmark system for monetary and exchange rate management in 1944 which came at Bretton Woods and thats why the name The Bretton Woods Agreement.So 1 Pound = 13.37 Rupees during 1947, and thats why many propose 1 USD = 4.16 INR in 1947.Case 2: 1 USD= 1 INRSince there was no specific system followed the day India became independent, and hence rightfully argued by historians is that 1 USD= 1 INR.What is important to note is How the Indian rupee devalued since 1947 till date ( 2018 ) and during which Prime-minister rule what was the highest rate of dollar to INR.Knowing the fluctuation rates can help one see the value of currency during each Prime-minister rule.If you just want to see the rate changes every year here it is
How much is 1 billion US dollars in Indian rupees?
According to the latest value 1 US Dollar equals to 68.10 Indian Rupees,therfore in case:1 billion is $1,000,000,000 and if it is multiplied by 68.10, it will be 68,10,00,00,000 rupees approximately which is 681 thousand crore Indian Rupees.Now that's a lot of money
Should I take job in India with 38 lakh per annum or go US with 140k?
Well we all will answer the question based on our own understanding of things however you know the boat you are sailing in , the storms you are facing , the challenges you have had, your commitments and liabilities and lastly your goals and priorities.The below answer is considering into account a family of 3–4.Lets look at the scenario of 140k salary in US.Taxes in US vary from state to state , lets assume an average rate of 20% , so you will have 28K , going into taxes.Whats remaining is 110 K, Now you will have to take a decent house . If you are in a state like California housing will shoot the roof. You will end up with a rent of around 40K.Remaining 70K . Well international schooling will cost you a bomb, so lets not go there. For kids , their hobbies you will end up spending 12–15K per year. Household expenses will be around 10K per year(conservative) If you have a car add the yearly expenses for that too.Remaining 45–50 K. Now you are in USA , you will take holidays locally and also flyback to india. In the end you will save 35–40K at max which is 24–25 lacs.On the flip side , this is a very normmal lifestyle ,no luxuries , no house help and no nanny. Plus kids living away from their grand parents and you will be away from your complete family , will miss lot of celebrations back home.Take into account india.For a salary of 38 lacs , if you do the tax savins go 2 lacs , deduct the HRA , with a flat deduction of 30% , you will still end up with around 2.25 lacs in hand.So lets say you rent a good apartment , rent : 35k , schooling and others : 10k , transport 10k, household expenses 25k. You be left with around 1.3 lacs per month.Based on your lifestyle you can end up spending 10–20k more.this gives you a very good lifestyle compared to the one you would have had in US , househelp for doing all the household activites . Planned outings. Staying with family and meeting them regularly.You will end up with a bit less money saved but a very comfortable lifestyle which you cannot afford in 140K.But as I said you know the boat you are sailing in , your challenges and your priorities. You are the best person to make the call
What is your salary in Pakistan?
Started my career in Feb 2011, my base salary was 40k PKR/$400 which was above my expectation honestly speaking. By 2012 I was earning 65k and in 2013 85k.Resigned in April 2013( it is a long story ) and started freelancing + entrepreneurship( failed ) but then my average monthly income from freelancing work was $3000 even $5000 for some month.Right now, working about 50–80 hours a month on freelancing projects, and earning around $3000 rest of time is spent with side project, contributing on open source projects, family, and quora. AlhumudAllah life is good!UPDATE#1OMG wow, thanks you Quora and beautiful people out there for upvoting and commenting. Never expected this :)For people are asking about my work.I’m software engineer, developing web based application using Ruby on Rails stack. Some of app i’ve [developed/with other team members of course] so far:More Contributions From Pakistan - PUCIT Lahore [ OrangeHRM contributed meeting module with a team from PUCIT, developed in symfony
How does inflation impact on export and import of a country?
Inflation- Caused by increase in money circulation. This means people will have more money to buy products. This rises demand, which rises the prices of goods and services. Now more money will be needed to buy the same product which was earlier bought at low price. Thus value of money has decreased.Example: let 1 kg of Sugar = ₹100, means 10 gram = ₹1 ; due to inflation, 1 kg Sugar = ₹110, means for ₹1 you can buy only 9 grams (approx). This is what is called the decrease in value of money.Since more money is needed to buy local goods, people will move towards imported goods. This leads to increase in import. But import should be done using forex (in USD usually). Hence demand for USD increases, which will lead to decrease in exchange rate of INR with USD.Example: let $1 = ₹1 (not actual value). Now due to increase in imports and increase in demand for USD, $1 will become costlier. $1 = ₹2.This means person having USD could buy 18 grams of Sugar for 1$ and a person having INR could buy only 9 grams for ₹1.This makes foreigners to buy products from India because they could get more than what they could get in USA or other countries using USD. This is the increase in exports (from India).More money -> More consumption -> Increase in demand -> Increase in price of goods -> Low prices of imported goods compared to local -> Increase in imports -> Increase in demand for FOREX (USD) -> Decrease in value of domestic currency -> Costlier foreign currency -> Increase in demand for domestic currency and domestic product in foreign land -> Increase in exportAn overall increase in trade is achieved. As this situation of increased import continues, the domestic sector will face the demand shortage for their products. this leads to cutting off the production, which leads to unemployment, which means less money with people and there comes the Deflation and thereby completing the ECONOMIC CYCLE.