When was 1 rupee 1 dollar?

15th August 1947
On 15th August 1947 the exchange rate between Indian rupee and US Dollar was equal to one (i.e., 1 $= 1 Indian Rupee). In terms of currencies, the exchange rate was pegged to pound sterling at Rs.

Is writing on note illegal?

Though scribbling on notes is discouraged, the RBI said scribbled notes in the market are still legal for transaction. SO, IS IT STILL A PUNISHABLE OFFENCE TO WRITE ON BANKNOTES? No. There is no such law that calls it a punishable offence, though it is strongly discouraged.

What is the latent image on Indian currency note?

Latent Image: On the obverse side of Rs.1000, Rs.500, Rs.100, Rs.50 and Rs.20 notes, a vertical band on the right side of the Mahatma Gandhi’s portrait contains a latent image showing the respective denominational value in numeral. The latent image is visible only when the note is held horizontally at eye level.

What is the history of Indian currency notes?

The Paper Currency Act of 1861 gave the Government the monopoly of note issued throughout the vast expanse of British India. Below are the interesting facts about how Indian currency notes have evolved over the ages into the rupee of today.

What are the salient features of the new 500 rupee note?

The banknote also has features (intaglio printing of Mahatma Gandhi portrait, Ashoka Pillar emblem, bleed lines, circle with Rs 500 in the right, and the identification mark) which enable the visually impaired person to identify the denomination. The salient features of the banknotes will be as under: 1.

When did the Reserve Bank of India start printing notes?

In the honour of Queen Victoria in 1862, series of bank notes and coins were issued with the Victoria portrait. Finally, the Reserve Bank of India was set up in 1935 and empowered to issue Government of India notes. It had also printed 10,000 rupee notes and was later demonetised after Independence.