40
Indian Currency System
The History of Indian Rupee, Exchange Rate and Convertibility
The currency system of a country is very closely connected with its level of prices, income and employment. As such its careful regulation and management will enable the country to increase employment and income and lift the economy to a higher level, thus paving the way for a rising standard of living to the inhabitants. It is an essential and useful instrument to bring about economic development with stability.
At the beginning of the 19th century, with the deterioration of administration of the Moghuls, there was no uniform monetary system in the country. A large variety of independent coins of gold and silver, of varying weight and fineness were circulating ...
Get Indian Economy now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
