The difference in American currency and Indian currency

Masroor Alam

There are too many ways to compare between the American currency and Indian currency Like it is not rocket science. Every country has its own right to choose their legal currency tender Like India has the Indian rupee as its legal tender currency while America and other many countries have the dollar as their legal tender currency. The current rate of any currency determine by its demand and supply similar to goods,

difference in American and Indian Currency

The dollar rate or Indian rupees rate depends upon the following factors.

  1. The first is how much the dollar will buy in foreign currencies. 
  2. That’s what the exchange rate measures. 
  3. Forex traders on the foreign exchange market determine exchange rates. 
  4. They take into account supply and demand and then factor in their expectations for the future
And this is the main reason for fluctuates currency rate throughout the trading day. The value of the dollar also depended upon the Value of Treasury notes, Whenever demand for treasuries is high, the value of the U.S dollar rise.

The dollar is the world's most popular currency that is used in many countries like the United States, Australia, Canada, Belize, Hong Kong, Namibia, New Zealand, Singapore, Zimbabwe, Taiwan, Brunei, and its symbols are $.

While the rupee is the legal tender currency of Indian and widely used in many of eastern countries like Pakistan, Srilanka, Nepal, Mauritius, Seychelles, Burma, Afghanistan, and the Maldives. Its symbol is () and denotes by the INR sign.

United States dollar and Indian rupees are two different currency, where the dollar is widely used in Western country and Rupee is used in many of eastern country, The value of Indian rupees or Dollar widely depend upon Demand and supply. 1$ divided into 100 Cent while 1 rupee early divided into 100 paise but now the lower unit of rupee used in the market is 1rs.

The term dollar comes from Bohemia during the year 1520, While the rupee firstly introduces by the Indian empire  Sher Shah Suri during 1540 - 1545.


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