Pakistani rupee indian rupee exchange rate history (PKR INR) December 2023

Pakistani rupee indian rupee history for December 2023. The highest quote for this month is 0.30009 (22/12/2023) and the lowest 0.30002 (28/12/2023). The difference between high and low is 0.02.

PKR INR average rate for December 2023 is 0.29459, the change between 01/12/2023 and 31/12/2023 is +0.54 %.

01 December 2023	1 PKR = 0.2940 INR
02 December 2023	1 PKR = 0.2923 INR
03 December 2023	1 PKR = 0.2923 INR
04 December 2023	1 PKR = 0.2968 INR
05 December 2023	1 PKR = 0.2934 INR
06 December 2023	1 PKR = 0.2931 INR
07 December 2023	1 PKR = 0.2941 INR
08 December 2023	1 PKR = 0.2938 INR
09 December 2023	1 PKR = 0.2934 INR
10 December 2023	1 PKR = 0.2940 INR
11 December 2023	1 PKR = 0.2951 INR
12 December 2023	1 PKR = 0.2940 INR
13 December 2023	1 PKR = 0.2956 INR
14 December 2023	1 PKR = 0.2940 INR
15 December 2023	1 PKR = 0.2943 INR
16 December 2023	1 PKR = 0.2931 INR
17 December 2023	1 PKR = 0.2931 INR
18 December 2023	1 PKR = 0.2967 INR
19 December 2023	1 PKR = 0.2987 INR
20 December 2023	1 PKR = 0.2936 INR
21 December 2023	1 PKR = 0.2945 INR
22 December 2023	1 PKR = 0.2942 INR
23 December 2023	1 PKR = 0.2938 INR
24 December 2023	1 PKR = 0.2942 INR
25 December 2023	1 PKR = 0.2993 INR
26 December 2023	1 PKR = 0.2993 INR
27 December 2023	1 PKR = 0.2950 INR
28 December 2023	1 PKR = 0.2953 INR
29 December 2023	1 PKR = 0.2924 INR

24/03/2020: COVID-19 Impact on Indian Rupee

The global COVID-19 pandemic caused significant volatility in the Indian Rupee exchange rate, leading to depreciation against major international currencies.

16/07/2019: IMF Bailout Package

Pakistan reached an agreement with the IMF for a three-year, $6 billion bailout package to address its balance of payments crisis, affecting the value of the Pakistani rupee.

08/11/2016: Demonetization

The Indian government announced the demonetization of ₹500 and ₹1,000 banknotes, requiring individuals to exchange or deposit their old currency notes at banks.

11/12/2013: IMF Loan Program

Pakistan signed a loan agreement with the International Monetary Fund (IMF) to stabilize its economy, resulting in devaluation of the Pakistani rupee.

01/12/2008: Global Financial Crisis

The global financial crisis led to a depreciation of the Pakistani rupee against major international currencies due to economic instability.

03/07/2007: Indian Rupee Symbol

The Indian Rupee was given its own unique symbol ₹, representing the integration of the Indian Rupee into the global currency landscape.

28/05/1999: Introduction of State Bank of Pakistan

The State Bank of Pakistan was given full autonomous control over the monetary policy, which had a significant impact on the value of the Pakistani rupee.

21/06/1991: Liberalization of Indian Economy

India initiated economic reforms, including the liberalization of foreign exchange controls. This led to the beginning of the exchange rate regime reforms for the Indian Rupee.

16/12/1971: Separation of East Pakistan

Following the separation of East Pakistan and the formation of Bangladesh, the Pakistani rupee underwent a major devaluation.

24/06/1957: Decimalization of Indian Rupee

The Indian Rupee was decimalized, dividing it into 100 paise. This change simplified the currency system and introduced a uniform monetary system across the country.

01/07/1955: Replacement of Indian Rupee

The Pakistani rupee replaced the Indian rupee as the official currency of Pakistan after the two countries separated.

17/08/1947: Independence of Pakistan

The Pakistani rupee was introduced as the official currency of Pakistan after the country gained independence from British rule.

15/08/1947: Indian Independence

India gained independence from British rule, leading to the establishment of the Reserve Bank of India as the central bank and the Indian Rupee as the official currency.

01/01/1862: Introduction of Indian Rupee

Indian Rupee was introduced by the British government as the official currency of British India. It replaced various local and foreign currencies that were in circulation.

Historic Pakistani rupee Indian Rupee