Answer by Harini Pandiyan
As of November 2021, the value of 1 USD is 74.33 INR, so 1 billion USD will be INR 74,32,60,50,000. (Trivia: 1 billion dollars in India is known as 100 Crores)
History of USD vs. INR
At the time of independence, 1 USD value was 4.76 INR; subsequently, the USD value kept increasing for various reasons. Check the table below to know more:
|
Year |
USD Value in INR |
Reason |
|---|---|---|
|
1966 |
₹ 7.50 |
1962 Indo-Chain war 1965 Indo-Pak war |
|
1973 |
₹ 17.50 |
Oil Crisis with OAPEC |
|
1990 |
₹ 25.92 |
Economic Crisis (rapid fall in GDP) |
|
2004 |
₹ 45.32 |
Impact of Economic Crisis Continued |
|
2016 |
₹ 68.80 |
Demonetization of Indian currency |
|
2021 |
₹ 74.3 |
Crude Oil Crisis |