Tag: Currency
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How much is Millions and Billions in Lakhs and Crores – Quick Conversion
Introduction Indian schools and colleges teach their students the Indian numbering system which uses lakhs and crores to denote higher numbers. This system is widely used in India across all industries. For instance, our salary packages our defined in lakhs per annum while companies report their financial statements in crores. This system is so common…
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What is the role of Reserve Bank of India (RBI) in Indian Economy?
Overview From time to time, we read and watch news about the Reserve Bank of India (RBI) implementing some policies, increasing or decreasing some complex sounding rates, the RBI Governor talking about how inflation is rising, etc. Occasionally we might also hear a friend from finance background talk about how the latest act of RBI…
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USD vs INR Historical Exchange Rates for last 70 years (1947 to 2020)
The Great American Dollar ($) The official currency of the United States of America, the US Dollar ($) is an universal symbol of money and is one of the most recognized symbols worldwide. USD is the most powerful currency in the world right now and it has been so for many decades now owing to…